Grayscale’s GBTC Reverses Trend with $4M Inflows, Stabilizing Crypto Market
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- Grayscale’s Bitcoin ETF, GBTC, records its second consecutive day of net inflows, breaking a four-month streak of outflows.
- US-based spot Bitcoin ETFs collectively received $217.06 million in funds on Monday, with Fidelity’s FBTC leading the pack.
- A recent report suggests that the growth of Bitcoin is reliant on spot Bitcoin ETFs, raising concerns about the future price trajectory of the cryptocurrency.
Grayscale’s Bitcoin ETF, GBTC, sees a reversal in trend with consecutive days of net inflows, while US-based spot Bitcoin ETFs collectively attract over $200 million in funds. The future of Bitcoin’s price trajectory may be linked to the performance of these ETFs.
Grayscale’s GBTC Breaks Four-Month Streak of Outflows
Grayscale’s spot Bitcoin ETF – GBTC – recorded its second consecutive day of net inflows on Monday, attracting $4 million into the trust. This follows Friday’s reversal of a 78-day net outflow trend, with an additional $63 million. Since its transition to a spot Bitcoin trust in Janu... Read the full article for FREE at COINOTAG!
