• 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

2 years 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Proposal Envisions Base Token With Direct Voting Power Over Coinbase

chest

A new proposal by CoinDesk suggests that a Base network token could grant holders voting rights over Coinbase's corporate decisions.

user avatarJacob Williams

Experts Predict Resurgence of NFTs and Retail Investors in Crypto

chest

Experts predict a resurgence of NFTs and retail investors in the crypto market as conditions improve.

user avatarZainab Kamara

Details of the Proposed OP Buyback Mechanism Unveiled

chest

The Optimism governance team has unveiled details of the proposed OP buyback mechanism, which aims to redirect 50% of Ethereum revenue generated by the Superchain sequencer over a 12-month period.

user avatarSon Min-ho

Optimism Community Votes on Groundbreaking OP Buyback Proposal

chest

The Optimism community is voting on a proposal to allocate 50% of Superchain sequencer revenue for OP token buybacks.

user avatarAyman Ben Youssef

Hedera's Technical Advantages with Hashgraph Technology

chest

Hedera's unique hashgraph technology offers faster transaction speeds and lower costs, operating on a directed acyclic graph structure.

user avatarKaterina Papadopoulou

Institutional Adoption of Hedera Accelerates with Pilot Programs

chest

Banks and central banks are piloting projects on Hedera, indicating growing institutional adoption.

user avatarMaya Lundqvist

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.