Grayscale Bitcoin ETF Snaps Losing Streak, Pulls In $63 Million

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The Grayscale Bitcoin Trust ETF finally drew more new cash than it lost, snapping an 11-week streak with a positive gain of $63 million.

GBTC has been seen so many investors cashing out since competing spot Bitcoin ETFs were approved in January, its outflows alone often weighed down the entire nascent space.

Holy crap $GBTC had inflows today. Their 80 day-ish streak is finally over. I had to run my eyes and double check the data but it’s true. https://t.co/I4TTU4q5Q1

— Eric Balchunas (@EricBalchunas) May 3, 2024

This is a developing story and is being updated as information warrants.

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Source: https://decrypt.co/229415/grayscale-bitcoin-etf-snaps-losing-streak-pulls-in-63-million