Grayscale Bitcoin Trust (GBTC) Outflows Outweigh Inflows in US Spot Bitcoin ETFs

Friday, 10 May 2024, 06:27

Despite apparent net inflows for several spot bitcoin funds in the U.S., Grayscale's GBTC experienced significant outflows, leading to a total net outflow of $11.29 million on Thursday. This contrast highlights the shifting dynamics in the cryptocurrency investment landscape, as some funds attract inflows while others experience heavier outflows. Investors should closely monitor these developments to gauge market sentiment and potential investment opportunities.

LivaRava Finance Meta Image — Grayscale Bitcoin Trust (GBTC) Outflows Outweigh Inflows in US Spot Bitcoin ETFs

Details:

The 11 spot bitcoin funds in the U.S. recorded a total net outflow of $11.29 million on Thursday, despite many of them seeing net inflows.

Implications:

Grayscale's GBTC experienced significant outflows compared to other spot bitcoin ETFs.
Market dynamics point towards a divergence in investor preferences and sentiment.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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