GBTC - What's Going On With Grayscale And iShares Bitcoin ETFs? | Benzinga
Grayscale Bitcoin Trust (NYSE:GBTC) and iShares Bitcoin ETF (NASDAQ:IBIT) shares are trading higher Monday as Bitcoin reaches all-time highs.
The Details:
Shares of the newly minted Bitcoin ETFs are trading higher Monday as the recent rally in Bitcoin continues with the price of Bitcoin breaching the $72,000 mark. Inflows to the funds and the growing acceptance of cryptocurrencies as an investment have contributed to the recent crypto rally.
The spot Bitcoin ETFs have seen strong net inflows, and the nine ETFs now hold more than 4% of the total circulating Bitcoin supply. According to data from SoSoValue, total net inflows into Bitcoin spot ETFs on March 7 reached a staggering $472 million and total net asset value of Bitcoin spot ETFs ...