Grayscale’s spot bitcoin ETF logs second day of net inflows | Headlines | News | CoinMarketCap

05/07/2024 11:33
Grayscale’s spot bitcoin ETF logs second day of net inflows | Headlines | News | CoinMarketCap

Grayscale’s GBTC spot bitcoin exchange-traded fund saw its second daily net inflows on Monday, drawing in $4 million into the converted trust, …

Grayscale’s GBTC spot bitcoin exchange-traded fund saw its second daily net inflows on Monday, drawing in $4 million into the converted trust, according to data from SosoValue. The GBTC  ETF ended its 78-day streak of net outflows on Friday, when it added $63 million.

GBTC, since its conversion into the spot bitcoin trust in January, has experienced a cumulative net outflow of $17 billion. It currently manages around 292,217 BTC ($18.4 billion) in assets, down from 619,220 BTC on Jan. 11, according to its website.

Meanwhile, the 11 U.S.-based spot bitcoin ETFs added a total of $217.06 million worth of funds on Monday. Fidelity’s FBTC led the net inflows with $99 million, while Ark Invest’s bitcoin fund drew in $76 million, according to SosoValue data

BlackRock’s IBIT fund, …

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