Grayscale GBTC Bleeds, but Bitcoin ETFs See Record $400 Million Inflows

Grayscale GBTC Bleeds, but Bitcoin ETFs See Record $400 Million Inflows

The Spot Bitcoin ETF market has continued to show dynamic trends in inflow and outflow.
Grayscale’s GBTC and BlackRock’s IBIT remains the market leaders.
The crypto market experienced a fascinating divergence on Thursday following a notable trend of outflows from the Grayscale Bitcoin Trust (GBTC), contrasted by record-breaking inflows of $400 million into Bitcoin Exchange-Traded Funds (ETFs). 
Grayscale GBTC Outflows vs. Bitcoin ETF Inflows
Recent data from Farside Investors reveals that GBTC saw outflows of $102 million on Thursday, after experiencing two days of outflows under $100 million. This brings the cumulative total of net outflows to a staggering $6.3 billion. 
Concurrently, inflows into spot Bitcoin ETFs soared to unprecedented levels, reaching $403 million on the same day. Leading the charge in the influx into spot Bitcoin ETFs were BlackRock (IBIT) and Fidelity (FBTC), with total inflows of over $204 million and nearly $128 million respectively. These two industry

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