GBTC - Spot Bitcoin ETFs Register $35M Net Inflow On First Post-Halving Trading Day | Benzinga
Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continued to attract investor interest on Monday, with $62.09 million in total net inflows.
What Happenedb: According to data from SoSoValue, Grayscale's Bitcoin Trust (OTC:GBTC) saw a net outflow of $34.993 million. The Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) showed a robust performance with a net inflow of $34.8334 million.
The cumulative net inflow into Bitcoin spot ETFs has now reached $12.384 billion.
This financial activity comes shortly after Bitcoin’s fourth halving, which occurred on April 19. Traditionally, halvings tend to influence Bitcoin prices positively, a pattern observed in the weeks and months following past halvings.
Historical data suggest that Bitcoin's price typically begins its upward trajectory approximately 50-100 days post-halving.