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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