GRAYSCALE RECORDS AN INFLOW? 🤔GRAYSCALE RECORDS AN INFLOW? 🤔
BREAKING: Grayscale’s GBTC stops bleeding: First inflow since launch https://m.stacker.news/29507 Is this some kind of miracle?
For the first time since launch, Grayscale’s GBTC has recorded an inflow.
After 4 months of continual outflows and ~$17.5 billion leaving the fund, Grayscale recorded a net inflow of $63 million.
Franklin Templeton also recorded their largest ever inflow of $60.9 million.
Here’s the breakdown for yesterday’s flows: Fidelity (FBTC): $102.6 million 🥇 Grayscale (GBTC): $63 million 🥈 Franklin Templeton (EZBC): $60.9 million 🥉
With all issuers recording inflows, yesterday saw $378.3 million flowing into the Bitcoin ETFs.
Breaking the streak of 7 straight outflow days.
Even ETF analyst Eric Balchunas couldn’t believe Grayscale actually recorded an inflow: https://m.stacker.news/29509 As a result of these inflows, Bitcoins price jumped back above $60,000.
Clearly inflows from the ETFs and Bitcoins price are heavily correlated… https://m.stacker.news/29510 We’re so back. 😎
Everyone was buying the dip. Everyones etf went up, not just grayscale.
Did you read the post?
For the first time they recorded inflows.