Grayscale’s Bitcoin ETF Breaks Withdrawal Trend with $63M Inflow  

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

May 4, 2024 11:20

Grayscale Bitcoin Trust (GBTC), the leading bitcoin ETF, recorded its first daily net inflow since January, adding $63 million on Friday, according to Farside Investors. It lost billions in assets since January and currently faces competition from BlackRock’s iShares Bitcoin Trust (IBIT). However, GBTC remains to be dominant as its assets now stand at  $18.1 billion compared to IBIT’s $16.9 billion.