Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, | 🔸️Ethereum | Bitcoin & Altcoin News
Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak
Grayscale’s GBTC spot bitcoin exchange-traded fund witnessed its first-ever (since it was converted) daily net inflows on Friday, ending a 78-day run of consecutive outflows. GBTC’s cumulative outflows since the U.S. spot bitcoin ETFs began trading on Jan. 11 totaled more than $17.5 billion by May 2, but the higher-fee fund suddenly generated $63 million worth of inflows on Friday, according to data from Farside Investors and CoinGlass.
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