According to PANews, on May 31, Grayscale GBTC experienced a net outflow of $124 million, while IBIT saw a net inflow of $170 million. This information was monitored and reported by HODL15Capital.
The significant outflow from Grayscale GBTC indicates a shift in investor sentiment or strategy. However, the reason behind this shift remains unclear. On the other hand, the substantial inflow into IBIT suggests increased investor interest and confidence in this fund.
It's important to note that these figures represent net changes, meaning they take into account both inflows and outflows. Therefore, while Grayscale GBTC saw more funds leaving than entering, IBIT experienced the opposite. The financial implications of these movements will depend on the respective fund's overall performance and market conditions.