GBTC - Bitcoin Spot ETFs See Chilly Inflows As Market Shivers: What Does It Mean For Investors? | Benzinga
The total net inflow into Bitcoin spot exchange-traded funds (ETFs) was recorded at $132 million on Thursday, March 14, contrasting sharply with the outflows experienced by other funds, notably the Grayscale ETF (OTC: GBTC).
The Grayscale ETF saw a dramatic net outflow of $257 million in a single day.
In contrast, BlackRock's ETF IBIT (NASDAQ: IBIT) stands out amid the volatility. It secured a net inflow of $345 million on the same day, elevating its total historical net inflow to an impressive $12.37 billion, according to data from SoSoValue.
The cryptocurrency market faced heightened volatility on Friday:
- Bitcoin (CRYPTO: BTC) dipping to $65,565
- Ether (CRYPTO: ...