• 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

OKX to Introduce New Perpetual Futures Linked to Brent and WTI Crude

chest

OKX plans to launch new perpetual futures contracts linked to Brent and WTI Crude in collaboration with ICE, aiming to bridge traditional finance with digital trading.

user avatarKaterina Papadopoulou

HYPE as a Leading Indicator for Altcoin Momentum

chest

HYPE is viewed as a key indicator for altcoin momentum, signaling a return of risk appetite in digital assets.

user avatarMaya Lundqvist

Introduction of HIP4 Enhances Trading Flexibility

chest

The introduction of HIP4 allows for outcome-based trading, enhancing the trading strategies available on Hyperliquid.

user avatarLeo van der Veen

Hyperliquid Transforms into a Financial Supercenter

chest

Hyperliquid is evolving from a trading platform into a comprehensive financial infrastructure for the crypto economy.

user avatarLi Weicheng

Bitcoin Price Falls Below $78,000 Amid Cautious Options Trading

chest

Bitcoin's price fell back below $78,000 following a rejection near recent local range highs, leading to cautious positioning among options traders.

user avatarAisha Farooq

Solana Faces Market Challenges as It Struggles to Keep Up with Ethereum

chest

Market expert Dominic Basulto identifies three key reasons for Solana's underperformance compared to Ethereum, including its association with meme coins, struggles in building a mobile-first ecosystem, and limited ETF momentum.

user avatarTenzin Dorje

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.