GBTC - Bitcoin ETFs Post $684M In Net Inflows BlackRock's IBIT Leads The Charge | Benzinga
The total net inflow into Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) reached $683 million on March 13, posting another strong performance after breaking records the day prior.
What Happened: Notably, the Grayscale Bitcoin Trust (OTC: GBTC), one of the most prominent Bitcoin ETFs, experienced a net outflow of $276 million, according to BitMEX Research.
This significant withdrawal contrasts sharply with the overall trend of inflows into Bitcoin ETFs, highlighting the diverse strategies and preferences among investors in the cryptocurrency space.
Leading the charge in attracting investor capital was BlackRock's Bitcoin ETF IBIT (NASDAQ: IBIT), ...