GBTC - Bitcoin ETFs Notch $39M Net Inflows On Tuesday But One Fund Stumbles | Benzinga
Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) on Tuesday experienced mixed net inflows, with the overall net inflow sitting at $39.47 million.
What Happened: According to data from SoSoValue, individual funds saw significant variations. Grayscale Bitcoin Trust (OTC:GBTC) continued to grapple with net outflows.
The report highlighted a single-day outflow of $81.86 million for Grayscale Bitcoin Trust, pushing its total historical net outflow to a staggering $15.515 billion.
This trend could be attributed to Grayscale Bitcoin Trust higher fees compared to recently launched spot ETFs.
On the other hand, ...