GBTC - Is Bitcoin's Bull Run Stumbling? Record Grayscale Outflows Signal Potential Shift | Benzinga
While Bitcoin spot exchange-traded funds (ETFs) witnessed substantial inflows on Thursday, Grayscale's Bitcoin Trust (OTC: GBTC) experienced a staggering net outflow of $598 million in a single day.
What Happened:
In contrast, BlackRock's Bitcoin ETF (NASDAQ: IBIT) enjoyed a net inflow of $603 million, highlighting a remarkable divergence in investor sentiment, according to data from SoSoValue.
The Fidelity Wise Origin Bitcoin Fund (BATS: FBTC) and Bitwise's Bitcoin ETF (BATS: BITB) followed with comparatively modest inflows of $44.8 million and $21.7 million, respectively.
Despite Bitcoin (CRYPTO: BTC) not reaching its all-time high, the cryptocurrency saw its most substantial monthly gain since December 2020, with ...