According to BlockBeats, data from Farside Investors on June 11th revealed a significant shift in cryptocurrency investments. Grayscale's GBTC experienced a net outflow of $39.5 million, while Bitwise's BITB saw a net inflow of $7.6 million.
This shift indicates a change in investor sentiment towards these two cryptocurrency investment vehicles. The net outflow from Grayscale's GBTC suggests that investors are selling their holdings, possibly due to market volatility or a change in investment strategy. On the other hand, the net inflow into Bitwise's BITB suggests that investors are showing increased interest in this investment vehicle, potentially due to its performance or strategic positioning in the market.
It's important to note that these figures represent a single day's data and may not necessarily indicate a long-term trend. However, they do provide insight into investor behavior and market dynamics on that particular day.