GBTC - Bitcoin Spot ETFs Rebound With $378M Inflows On Friday | Benzinga
Following several days of net outflows, Bitcoin (CRYPTO: BTC) spot ETFs listed in the U.S. experienced a significant turnaround on May 3rd, with a combined net inflow of $378 million.
What Happened: This marks a notable shift from the previous week’s trend of net outflows, signaling a resurgence of bullish sentiment in the crypto market, according to data from SoSoValue.
The Grayscale Bitcoin Trust (OTC:GBTC), one of the largest Bitcoin funds, experienced a rare inflow of $63.0112 million on the same day, while the Fidelity Bitcoin Trust (BATS:FBTC) saw inflows amounting to $103 million.
BlackRock‘s iShares Bitcoin Trust (NASDAQ: IBIT) rebounded with a net inflow of $13 million, while ...