As a researcher with extensive experience in the cryptocurrency market, I find this news intriguing. The net inflow of $63 million into the Grayscale Bitcoin Trust (GBTC) on Friday marks a significant shift in investor sentiment towards this product. This is the first daily increase since GBTC’s debut in January and a promising sign that institutional investors are returning to this investment vehicle.
As an analyst, I’ve observed that the Grayscale Bitcoin Trust (GBTC) experienced a noteworthy surge in investment, with fresh funds being allocated to this bitcoin ETF, marking the initial day-over-day influx since its launch in early January.
A net $63 million was added on Friday, according to Farside’s tally.
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2024-05-04 03:13