GBTC - Bitcoin ETF Investment Frenzy: $500M Rushes In But Where's The Money Going? | Benzinga
The cryptocurrency investment landscape witnessed significant activity with total net inflows into Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) reaching $505 million on Monday.
The day's transactions on March 11 revealed a mixed picture of investor behavior, according to data from SoSoValue.
Grayscale's Bitcoin Trust (OTC: GBTC) experienced a substantial net outflow of $494 million, indicating a shift in investor preference or portfolio rebalancing efforts among its holders.
In contrast, BlackRock's Bitcoin ETF (NYSE: IBIT) saw a remarkable net inflow of $562 million, while ...