Bitcoin ETF’s Rally Ends in Grayscale’s Portfolio: Sequential Entries Begin (BTC)
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- Grayscale’s GBTC spot Bitcoin exchange-traded fund (ETF) has recorded net inflows for the second consecutive day, ending its exit streak.
- Despite a cumulative net outflow of $17 billion since its conversion to a spot Bitcoin fund in January, GBTC currently manages approximately 292,217 BTC ($18.4 billion).
- Meanwhile, 11 US-based spot Bitcoin ETFs added a total of $217.06 million in funds on Monday, with Fidelity’s FBTC leading net inflows with $99 million.
Grayscale’s GBTC Bitcoin ETF sees net inflows for the second day in a row, signaling a positive change in the crypto market.
Grayscale’s Bitcoin ETF Records Second Day of Net Inflows
After a 78-day net exit streak that ended last Friday with an additional $63 million, the fund indicated a positive change by drawing $4 million on Monday. Since its conversion to a spot Bitcoin fund in January, GBTC has experienced a cumulative net outflow of $17 billion.
Current Assets Under Management
Despite this, as reported on its website, it currently manages approximately 292,217 BTC ($18.4 billion), a drop from 619,220 BTC on January 11. On the other hand, 11 US-based spot Bitcoin ETFs added a total of $217.06 million in funds on Monday. Fidelity’s FBTC led net in... Read the full article for FREE at COINOTAG!
