Grayscale’s Bitcoin ETF Breaks Withdrawal Trend with $63M Inflow
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Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF, recorded its first daily net inflow since January, adding $63 million on Friday, according to Farside Investors. It lost billions in assets since January and currently faces competition from BlackRock’s iShares Bitcoin Trust (IBIT). However, GBTC remains to be dominant as its assets now stand at $18.1 billion compared to IBIT’s $16.9 billion.
