Grayscale GBTC Selling Accelerates but Bitcoin ETF Inflows Remain Positive, Led by BlackRock
Summary
Grayscale Bitcoin Trust (GBTC) saw a spike in outflows, with $599 million leaving the trust, potentially due to Genesis unloading its holdings. In contrast, other U.S.-listed spot bitcoin ETFs saw inflows, with BlackRock's iShares Bitcoin ETF (IBIT) receiving $604 million in fresh funds. This reflects the ongoing demand for spot bitcoin ETFs as BTC's price rallied past $60,000.
