GBTC - Spot Bitcoin ETFs Record $123M Net Inflow Amid Slowing GBTC Outflows | Benzinga
Bitcoin spot exchange-traded funds (ETFs) saw a $123 million net inflow on Wednesday, a reversal from Monday’s outflows less than two weeks ahead of the halving event.
What Happened: Grayscale’s Bitcoin Investment Trust (OTC:GBTC) saw a net outflow of $17.47 million, according to data from SoSoValue, a record-low number for the fund.
Whether the outflow marks the end of a trend remains to be seen. Grayscale CEO Michael Sonnenshein had predicted that outflows would slow down, saying ...