Why is Grayscale’s Bitcoin Spot ETF (BTC) Seeing a Surge in Investments? Unveiling Theories Behind the 78-Day Rise

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Grayscale’s Bitcoin Spot ETF, GBTC, has ended its weeks-long series of fund outflows and started to see net inflows.
The sudden change in the fund’s performance has sparked discussions among market analysts.
Recent developments reveal that trading company Susquehanna International Group purchased over $1 billion in BTC from GBTC, which could be a factor influencing the inflows.

Grayscale’s Bitcoin Spot ETF, GBTC, breaks its outflow streak, sparking discussions among market analysts. The recent purchase of over $1 billion in BTC by Susquehanna International Group could be influencing the inflows.

Grayscale’s Bitcoin Spot ETF Sees Net Inflows

Grayscale’s spot Bitcoin ETF recently broke its 78-day outflow streak, recording net inflows for two consecutive days. The sudden change in the fund’s performance has sparked discussions among market analysts. Bloomberg ETF Analyst James Seyffart, while not certain about the exact cause of the fluctuation, suggested a few possible explanations: “It could be a short-term tactical trade or some sort of arbitrage trade. It could have occurred in shorter time frames, where the transaction fee is much less significant.”