Bitcoin price tags $63K as Grayscale’s GBTC ETF experiences first inflow after nearly three deadlock months
Bitcoin (BTC) price has broken above the $63,000 threshold, steadily holding above it despite the weekend lull, as trading volume soars 10%. It comes as spot BTC exchange-traded funds (ETFs) continue to drive demand, shaping and accelerating price action.
Grayscale records $63 million in inflows
It is a watershed moment for Grayscale trading counters, after their spot BTC ETF, IBIT, recorded the first inflow since the product went live on January 11. Reports indicate that the investment manager recorded inflows of up to $63 million on Friday.
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Bitcoin price tags $63K as Grayscale’s GBTC ETF experiences first inflow after nearly three deadlock months
CRYPTOS | 05/04/2024 07:38:40 GMT
Grayscale has recorded the first inflow, reaching $63 million after seventy seven consecutive outflow days.
Spot BTC ETFs had a net inflow of $378.5 million, marking the largest influx in two months.
Bitcoin price has nicked $63K threshold amid growing positive sentiment for BTC.
Bitcoin (BTC) price has broken above the $63,000 threshold, steadily holding above it despite the weekend lull, as trading volume soars 10%. It comes as spot BTC exchange-traded funds (ETFs) continue to drive demand, shaping and accelerating price action.
Also Read: Bitcoin price back above $60K, whales scoop up BTC as Hong Kong asset managers claim exposure to US spot ETFs
Grayscale records $63 million in inflows
It is a watershed moment for Grayscale trading counters, after their spot BTC ETF, IBIT, recorded the first inflow since the product went live on January 11. Reports indicate that the investment manager recorded inflows of up to $63 million on Friday.
