Author: SoSoValue Research
1/GBTC ETF Net Inflows: Grayscale Investments (GBTC) ETF saw net inflows for the first time since June 5.
Despite its high management fees, Grayscale saw rare net inflows yesterday, suggesting retail investors in the U.S. stock market are buying the dip.
![](https://public.bnbstatic.com/image/pgc/202407/85a60566e75fdea4241c9cb311fdf2fa.png)
2/Six ETFs have high premiums (FBTC 0.34%): Except for GBTC, the other 10 ETFs maintain positive premiums.
Six ETFs had a premium of more than 0.3%, of which the Fidelity (FBTC) ETF had a premium of 0.34%. This reflects strong market confidence, and the inflow of funds into the stock market indicates that investors have increased confidence in Bitcoin.
![](https://public.bnbstatic.com/image/pgc/202407/f6698b68bf4389ab86dbafdcf61be6d0.png)
3/ Bitcoin ETF total inflows increased: Yesterday, total Bitcoin ETF inflows reached $294 million, compared to $217 million on June 6.
On June 6, the price of Bitcoin reached $71,000 but continued to fall over the next month. The recent increase in ETF inflows could signal an impending price reversal.
![](https://public.bnbstatic.com/image/pgc/202407/17f9195f56af9a1a95a4398f352dd1e7.png)
🤖 These data points all indicate a shift in market sentiment towards Bitcoin.
Follow SoSoValue on Twitter to get more $BTC #ETF related data: @SoSoValue