GBTC - Bitcoin Spot ETFs Notch $113M Net Inflows On Wednesday Grayscale Outflows Continue | Benzinga
Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continued to attract significant investment on Wednesday, with the total net inflows into these funds reaching $113 million.
What Happened: However, the story within the Bitcoin ETF landscape remains nuanced.
While the overall market witnessed positive inflows, the Grayscale Bitcoin Trust (OTC:GBTC) experienced a net outflow of $75.14 million, according to data from SoSoValues.
This adds to GBTC’s already substantial historical net outflow of $15.23 billion, raising questions about the future of this long-established investment vehicle.
The positive inflows into the broader Bitcoin ETF ...