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    Mohamed Azharuddin in Bitcoin

    27 Feb 08:15 AM


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    GBTC hits lowest ever $22M outflow, raising hopes for end to Bitcoin bleed

    Grayscale’s ETF bleeding has slowed again while other funds have seen another strong day of inflows lifting them to a fortnightly high.
    Grayscale’s spot Bitcoin BTC $56,451 exchange-traded fund (ETF) has seen its third consecutive trading day of slowing net outflows, hitting a record low of $22.4 million as ETFs combined hit a two-week net inflow high.

    Farside Investor data for Feb. 26 shows the Grayscale Bitcoin Trust (GBTC) had three back-to-back days of slowing net outflows on Feb. 22, 23 and 26. It ended the trading week on Friday with a daily net outflow of $44.2 million and outflows further halved on Feb. 26.

    The other half of the net inflow came from BlackRock’s ETF along with ARK Invest and 21Shares fund, which had respective inflows of nearly $112 million and over $130.5 million.
    #Bitcoin
    #ETF
    #United States
    #Data

    Source - Coin Telegraph