Grayscale Bitcoin ETF Registers Sustained Inflows Amidst Market Fluctuations

Grayscale Bitcoin ETF Registers Sustained Inflows Amidst Market Fluctuations



Grayscale's Bitcoin Trust (GBTC), heralded as the world's largest spot Bitcoin ETF, reported its second consecutive day of net inflows on May 6, a noteworthy recovery from the substantial outflows that surpassed $17.5 billion since January's inception of similar financial products. According to data from Farside Investors, GBTC witnessed inflows amounting to $3.9 million, a modest sum compared to other industry players like the Fidelity Wise Origin Bitcoin Fund (FBTC), yet significant enough to contribute to the continued influx of capital into the spot Bitcoin ETF sector.



This resurgence in investor interest aligns with a broader reversal for GBTC, which recorded its first net inflow in over three months on May 3, following a troubling period of continuous capital withdrawals. These outflows, which had resulted in a 33% reduction


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#BitcoinETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Grayscale, #Regulations, #SpotBitcoinETF

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