Grayscale’s GBTC stops bleeding: First inflow since launch
Grayscale Investments’ GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January.
Grayscale Investments has achieved its first day of net positive inflows for the Grayscale Bitcoin Trust (GBTC). This comes after nearly four months of continuous outflows since its conversion to a Bitcoin exchange-traded fund (ETF) in January.
On May 3, Grayscale’s GBTC recorded $63 million in inflows after recording approximately $17.5 billion of outflows since the 11 spot Bitcoin ETFs launched on Jan. 11, according to Farside preliminary data.
Among the other funds reported so far, Franklin Templeton’s Bitcoin ETF (EZBC) saw its highest ever inflow with $60.9 million.
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Author: Ciaran Lyons
