Will Bitcoin Spot ETF Leadership Change Hands This Week?
Grayscale holds (on behalf of investors) 289K Bitcoin. In addition, BlackRock currently holds 287K Bitcoin, having closed last week with approximately $720 million in inflows.
On the first trading day of the week, IBIT saw $102.5 million in net inflows, while GBTC saw $105.2 million in outflows.
Comments:
It seems inevitable that BlackRock will take the lead in Bitcoin Spot ETFs this week with its current momentum.
This can be attributed to GBTC's reduced selling pressure and IBIT's renewed leadership with high inflows. As a result, we can conclude that it is quite positive to see the ETF market break free from Grayscale's intense selling pressure and BlackRock's leading inflows.
Thank you for reading.
Written by burakkesmeci