• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

**Grayscale's Bitcoin ETF (BTC) Sees Positive Inflow After 11 Weeks of Outflows**

user avatar

by Giorgi Kostiuk

a year ago

The Grayscale Bitcoin Trust ETF, known for its popularity as a Bitcoin investment option, has experienced a positive gain of $63 million, breaking an 11-week streak of outflows, as reported by CoinGlass. Investors were withdrawing funds from GBTC after competing spot Bitcoin ETFs were given the green light in January.

Given these recent developments, discussions about the future of GBTC and the broader crypto market have been sparked.

Implications of GBTC's Unexpected Inflow

Analyst Eric Balchunas from Bloomberg tweeted his astonishment at the sudden change in GBTC's fortunes. This unexpected turn of events has led to speculation about what lies ahead for GBTC and the crypto industry.

0

Share

Other news

Bitcoin, Ethereum, and Solana Surge Ahead, Web3Bay Offers Practical Value

Bitcoin approaches $100,000 while Web3Bay provides tangible rewards for users through its decentralized platform.

user avatarGiorgi Kostiuk

a minute ago

Launch of G-Token in Thailand: Tokenized Government Bonds at a New Level

Thailand announces the issuance of tokenized government bonds G-Token, marking an important step in the realm of digital assets.

user avatarGiorgi Kostiuk

a minute ago

Senators Aim for Passage of Stablecoin Legislation in Time

Senators advocate for stablecoin legislation with bipartisan support to establish federal regulatory framework.

user avatarGiorgi Kostiuk

2 minutes ago

Crypto Market Insights: Dogecoin, Solana, and Unstaked Gain Attention

Dogecoin and Solana rise, while Unstaked attracts attention with $2M raised in 48 hours.

user avatarGiorgi Kostiuk

2 minutes ago

ChatGPT: How OpenAI Is Changing Artificial Intelligence

An overview of key events and updates for ChatGPT, exploring its impact on technology and artificial intelligence.

user avatarGiorgi Kostiuk

4 minutes ago

Chip Security Act: Strengthening Chip Export Controls

The Chip Security Act aims to enhance oversight of advanced chip exports and prevent their access by adversaries.

user avatarGiorgi Kostiuk

4 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.