Grayscale Investments has seen its first day of GBTC inflows since it was converted into a Bitcoin ETF in January.
Grayscale Investments' GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January.
Meanwhile, Fidelity Wise Origin Bitcoin Fund led the day's inflows with $102.6 million, followed by Bitwise Bitcoin Fund with $33.5 million and Invesco Galaxy Bitcoin ETF with $33.2 million.Pseudonymous crypto investor DivXman told his followers that the GBTC was the “primary source” of sell pressure across all spot Bitcoin ETFs, but “the tides” could be turning.
Crypto trader Jelle predicted to his 80,300 X followers on the same day that Bitcoin's new all-time high is on the horizon.
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