US Bitcoin ETFs Draw $44.51M in Inflows; GBTC Sees Another Round of Outflows
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U.S. spot bitcoin exchange-traded funds (ETFs) witnessed significant inflows on Wednesday, amounting to $44.51 million, with Blackrock's IBIT leading the charge by capturing $65.99 million. Other noteworthy contributions came from Ark Invest's and 21shares' ARKB, which saw gains of $3.29 million. Despite the positive inflows for these bitcoin ETFs, Grayscale Bitcoin Trust (GBTC) continued to experience outflows, marking another round of reduced holdings.
The contrasting movements between Blackrock's and Grayscale's offerings highlight the shifting dynamics within the cryptocurrency ETF market. Investors seem to be favoring newer options over more established ones in this evolving landscape.
Source: news.bitcoin.com ↗
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