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Home Blockchain

Grayscale GBTC ETF records third consecutive double-digit low outflow

by wireopedia memeber
April 5, 2024
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
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Grayscale GBTC ETF records third consecutive double-digit low outflow
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Farside data reports that Bitcoin (BTC) exchange-traded funds (ETFs) continued to see strong inflows, with a collective net inflow of $106.8 million on April 4. This marks the third consecutive net inflows, adding to seven out of the last eight trading days with net inflows.

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BTC ETF Flow Table: (Source: Farside)
BTC ETF Flow Table: (Source: Farside)

Farside data reports the Grayscale GBTC fund registered a third straight double-digit outflow of $79.3 million, increasing its total net outflow to $15,306.4 billion. In contrast, the BlackRock IBIT ETF experienced a robust net inflow of $144.0 million, raising its total net inflow to $14,460.3 billion.

Ark’s ARKB ETF also recorded its first net inflow since March 28, adding $12.0 million to its $2,233.5 billion total. Similarly, the VanEck HODL ETF saw its strongest net inflow since March 28, with $15.5 million in new investments. This brings its total net inflow to $461.7 million, according to Farside data.

The total net inflow across all Bitcoin ETFs now stands at $12,303.6 billion, reflecting the continued positive momentum in the digital assets market.

The post Grayscale GBTC ETF records third consecutive double-digit low outflow appeared first on CryptoSlate.

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