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International Business Times
International Business Times
Business
Marvie Basilan

Grayscale's Bitcoin ETF Snaps Multi-Month Outflows Streak With Fresh $63M Inflow

Grayscale's GBTC has been on the lows since spot Bitcoin ETFs started trading. (Credit: Grayscale Investments official YouTube channel)

KEY POINTS

  • A Bloomberg analyst said he had to double check to make sure that it was an inflow
  • Some users were bullish, but most were confused, saying the investor had better alternatives
  • Grayscale recently announced a 'mini' version of its GBTC, with a much smaller fee

Asset investment firm Grayscale's spot Bitcoin exchange-traded fund (ETF) GBTC has finally broken its months-long outflows streak as it saw its first inflow, and the cryptocurrency industry has mixed reactions to the development.

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