The Grayscale Bitcoin Trust (GBTC) experienced a significant shift in its financial activity, recording an inflow of $63 million. This marks the first time GBTC has seen inflows since the launch of Bitcoin ETFs on January 11, ending a streak of approximately 80 days of outflows. The inflow is notable as it occurred just as GBTC was at risk of losing its position as the largest Bitcoin ETF to a competitor, IBIT.
The Grayscale Bitcoin Trust $GBTC just had its first day of inflows in more than 2 months
Thought this would happen today, but then out of nowhere $GBTC has an inflow day, to defend its lead... https://t.co/Bu1YCd6DMa
Thought this would happen today, but then out of knowhere $GBTC has an inflow day, to defend its lead... https://t.co/Bu1YCd6DMa
$GBTC positive flow https://t.co/pUCjDu2N4g
$GBTC was just about to lose its crown as the largest Bitcoin ETF to $IBIT and then out of knowhere, it has its first inflow day!! https://t.co/cK4b7bgT3G
BREAKING: Grayscale Bitcoin Trust just had $63m INFLOWS for the first time since Bitcoin ETFs were launched on January 11! The 77 day streak of outflows has been broken. Data: @FarsideUK
After 78 days of consecutive outflows, suddenly we have an INFLOW day!!! Why would anyone buy GBTC??? https://t.co/mw90Vsn9Jm
Holy crap $GBTC had inflows today. Their 80 day-ish streak is finally over. I had to run my eyes and double check the data but itβs true. https://t.co/I4TTU4q5Q1
After 77 days of consecutive outflows, suddenly we have an INFLOW day!!! Why would anyone buy GBTC??? https://t.co/mw90Vsn9Jm
GBTC INFLOW OF US$63m!!!!