Bitcoin (BTC) ETF Grayscale’s GBTC Sees First Inflows in Over Two Months: A Crypto Market Turnaround?

• Grayscale’s Bitcoin Trust exchange-traded fund (ETF) records its first day of net positive inflows in 78 days, with $63 million in net inflows.
• Other funds, including Franklin Templeton’s Bitcoin ETF and Fidelity’s Wise Origin Bitcoin Fund, also see significant inflows.
• The crypto community speculates on the potential impact of these inflows on Bitcoin’s price.

Grayscale’s GBTC Bitcoin ETF sees positive inflows for the first time in over two months, sparking speculation on potential impact on Bitcoin’s price.

Grayscale’s GBTC Bitcoin ETF Records Positive Inflows

After a prolonged period of continuous outflows, Grayscale’s Bitcoin Trust exchange-traded fund (ETF) recorded its first day of net positive inflows. According to preliminary data from Farside, on May 3, Grayscale’s Bitcoin Trust (GBTC) witnessed $63 million in net inflows. The positive momentum comes after an approximate $17.5 billion in outflows since the launch of 11 spot Bitcoin ETFs on January 11.

Other Bitcoin ETFs Also See Inflows

Among the other funds making headlines, Franklin Templeton’s... Read the full article for FREE at COINOTAG!