• 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

Ethereum OG Reenters Market with Significant Purchase

chest

An early Ethereum adopter, known as an OG in the community, has reentered the market by purchasing 1,951 ETH for approximately $426 million USDC.

user avatarJacob Williams

Tom Lee's BitMine Accumulates 89,026 ETH Amid Market Weakness

chest

Tom Lee's BitMine has acquired 89,026 ETH valued at approximately $19.764 million during a period of market weakness.

user avatarZainab Kamara

CLARITY Act Faces Bipartisan Support Challenge

chest

The CLARITY Act has advanced out of the US Senate Banking Committee, but bipartisan support remains a significant hurdle for the legislation to become law.

user avatarSon Min-ho

Intesa Sanpaolo Expands Crypto Holdings and Custody Services

chest

Intesa Sanpaolo, Italy's largest bank, has significantly increased its crypto investments and partnered with Ripple to offer custody services.

user avatarAyman Ben Youssef

Market Resilience Amid Bitcoin Price Fluctuations

chest

Despite concerns over market conditions, Bitcoin has shown resilience with a 25% rebound from recent lows.

user avatarTando Nkube

Bitcoin Long-Term Holder Supply Reaches 1.526 Million BTC

chest

The long-term holder supply of Bitcoin has climbed back to 1.526 million BTC, indicating a shift in market sentiment.

user avatarKofi Adjeman

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.