On the other hand, inflows into Bitcoin ETFs have been minimal, indicating declining investor engagement.
The Grayscale Bitcoin exchange-traded funds (ETF), GBTC, continues to experience significant outflows, with over $166 million and more than 2,500 Bitcoin (BTC) withdrawn from the fund’s holdings on Friday, April 12.
According to Farside Investors data, outflows from GBTC have now exceeded $16.2 billion since the Bitcoin ETF’s January launch. Since the month of April the daily outflows from the Grayscale Bitcoin Trust (GBTC) have been fluctuating between $75 million and $300 million.
On the other hand, inflows into Bitcoin ETFs have been minimal, indicating declining investor engagement. GBTC recorded significant outflows of $767 million this week, contributing to overall negative flows into Bitcoin ETFs.
