GBTC - Bitcoin Spot ETFs Extend Inflow Streak 'Very Low Fee' Is By Design Says Cathie Wood | Benzinga
Bitcoin spot exchange-traded funds (ETFs) experienced a total of $28.32 million in positive net inflows on May 29.
This positive sentiment comes despite a single-day outflow of $31.07 million from the Grayscale Bitcoin Trust (OTC:GBTC), according to data from SoSo Value.
Fund Movements Highlight Market Trends
Grayscale’s GBTC faced a significant single-day outflow of $31.065 million, indicating a shift in investor sentiment or strategy.
In contrast, BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) saw a strong inflow of $24.5639 million, and Fidelity‘s Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) recorded an inflow of $17.6766 million.
These movements underscore the differing investor perspectives and strategies within the cryptocurrency ETF landscape.
Cathie Wood’s Insights on Crypto as a U.S. Election Issue
ARK Invest CEO Cathie Wood meanwhile highlighted the growing significance of cryptocurrency in U.S. political discourse during her appearance at Consensus 2024.
Wood noted that ...