#BTC The total net inflow into the US Bitcoin Spot ETF on 31th May was $48.74 million.

What do I think about this?

2 top bitcoin ETF funds. Grayscale ETF GBTC had an outflow of $124 million, while BlackRock ETF IBIT had an inflow of $169 million.

ETF sales by Grayscale fund investors have increased again. I think this is positive news. Since the launch of the bitcoin ETF, Grayscale has already sold $18 billion worth of assets. They have another 19 and a bit billion left on their balance sheet. The sooner the fund sells most of these assets, the better. Even if the price of BTC goes down.

After that, there will be no pressure on the bitcoin ETF market. Because right now Grayscale can have net outflows of tens or even hundreds of millions of dollars any day of the week.