Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January
Briefly

from Coindesk2 weeks ago
The Grayscale Bitcoin Trust (GBTC) saw a net inflow of $63 million on Friday, its first since inception, as reported by Farside Investors.
Coindeskhttps://www.coindesk.com/business/2024/05/04/grayscales-bitcoin-etf-sees-inflow-for-first-time-since-january-debut/
Despite having higher fees, GBTC faced competition from rival spot bitcoin ETFs causing investors to withdraw billions, decreasing its bitcoin holdings from 600,000 to around 290,000 bitcoin.
Coindeskhttps://www.coindesk.com/business/2024/05/04/grayscales-bitcoin-etf-sees-inflow-for-first-time-since-january-debut/
Read at Coindesk
#grayscale-bitcoin-trust #btc #etf #investors #competition
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