GBTC - Bitcoin Spot ETFs Collect $11.29M Net Inflows On Thursday | Benzinga
Bitcoin spot exchange-traded funds (ETFs) saw net outflows of $11.29 million on May 9.
What Happened: The Grayscale Bitcoin Trust (OTC:GBTC) registered a substantial net outflow of $43.3522 million, while the BlackRock Bitcoin Trust (NASADAQ: IBIT) experienced a net inflow of $14.1946 million. Other ETFs also saw modest inflows:
- Fidelity (BATS:FBTC): $3 million
- Ark (BATS:ARKB): $4 million
- Bitwise (BATS:BITB): $7 million
- Invesco (BATS:BTCO): $2 million
Analysts from QCP Capital indicated that the market is adjusting ...