Grayscale ETF (ETCG) Marks Historic First Day with Unprecedented Inflows: A New Era for Crypto Investments
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- The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF by assets, has experienced a net inflow of new money from investors for the first time since its debut in January.
- On Friday, May 2, a net $63 million was added to the trust, ending a streak of 78 consecutive days of outflows.
- Despite increased competition and relatively higher fees, GBTC currently holds $18.1 billion in assets.
Bitcoin ETFs see a surge in inflows, marking a potential return of the bulls. The largest Bitcoin ETF, GBTC, records its first net inflow since January.
Perfect Friday for Bitcoin ETFs
According to data from Farside Investors, GBTC, the largest Bitcoin ETF by assets, experienced a net inflow of new money from investors for the first time since its debut in January. On Friday, May 2, a net $63 million was added to the trust. GBTC has long been a popular financial instrument for investing in Bitcoin (BTC) without directly purchasing the cryptocu... Read the full article for FREE at COINOTAG!
