Bitcoin (BTC) ETFs Resurge: Record $378 Million Gains Mark Best Day in Over a Month

• Bitcoin exchange-traded funds (ETFs) are experiencing a positive cash flow for the first time, according to data from Farside Investors.
• This turnaround is largely attributed to investors investing more into Grayscale’s Bitcoin Trust (GBTC) than was withdrawn since it became an ETF in January.
• Despite a challenging period of outflows and market downturns, over 95% of ETF investors held onto their investments.

Bitcoin ETFs are witnessing a positive cash flow for the first time, marking a significant turnaround in the crypto market. This article delves into the factors contributing to this shift and its potential implications.

First Positive Cash Flow for Bitcoin ETFs

After weeks of outflows, Bitcoin exchange-traded funds (ETFs) are finally seeing a positive cash flow. This unanimous turnaround is largely due to investors investing more into Grayscale’s Bitcoin Trust (GBTC) than was withdrawn since it became an ETF in January. Despite a challenging period of outflows and market downturns, over 95% of ETF investors held onto their investments, demonstrating resilience in the face of adversity.

Factors Contributing to the Turnaround

On Friday, GBTC g... Read the full article for FREE at COINOTAG!