Daily Outflows from Grayscale's Bitcoin ETF Hit an All-time Low of $17M
Main page News, Bitcoin-ETF
Hot topic
11 April

According to SosoValue data, daily net outflows from Grayscale Investments' GBTC Bitcoin ETF hit an all-time low of $17.5 million on Wednesday.

Over the past three months, total cumulative outflows from GBTC have exceeded $15 billion, with combined net outflows of more than $450 million on Monday and Tuesday.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Nick Ruck, chief operating officer at ContentFi Labs, believes this decline in GBTC outflows is a bullish sign for the crypto market, as it indicates less selling pressure on Bitcoin.

Yesterday, Fidelity’s spot Bitcoin ETF posted $76.3 million in net inflows, while Bitwise’s Bitcoin ETF added $24.3 million.

Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world

ARKB, from ARK Invest, recorded net inflows of $7.3 million, bringing the daily total of net inflows for US spot Bitcoin ETFs to $90 million.

Read also:
Please describe the error