Grayscale Bitcoin Trust ETF Breaks 11-Week Streak With $63 Million in New Cash

May 05, 2024

After 11 weeks of consecutive outflows, the Grayscale Bitcoin Trust ETF (GBTC) finally saw a positive gain of $63 million in new cash. The approval of competing spot Bitcoin ETFs in January had caused many investors to cash out, impacting the entire cryptocurrency space.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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