๐Grayscale's Bitcoin ETF, GBTC, is back in the game with $4M inflows, breaking a 4-month outflow streak. This follows a $63M reversal last Friday. Currently, GBTC manages ~292,217 BTC ($18.4B).
Meanwhile, 11 US Bitcoin ETFs collectively received $217.06M, pushing total net flow to $11.8B. Fidelity's FBTC led with $99M inflows, followed by Ark 21Shares' ARKB with $76M.
Spot Bitcoin ETFs have been key in driving BTC to all-time highs. After a slowdown, there's been a recent uptick in spot Bitcoin ETF figures, pushing BTC above $63,000. ๐
What are your thoughts on the resurgence of Bitcoin ETFs? Let's chat below! #DeFi #Bitcoin.