Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»GBTC daily outflows hit a low of $17 million as Grayscale CEO expects ‘balance’
ADOPTION NEWS

GBTC daily outflows hit a low of $17 million as Grayscale CEO expects ‘balance’

By Crypto FlexsApril 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
GBTC daily outflows hit a low of  million as Grayscale CEO expects ‘balance’
Share
Facebook Twitter LinkedIn Pinterest Email

Daily net outflows from Grayscale Investments’ spot Bitcoin exchange-traded fund (GBTC) hit a record low of $17.5 million on Wednesday, according to data from SosoValue.

GBTC recorded net outflows totaling more than $450 million on Monday and Tuesday, with cumulative outflows over the past three months totaling more than $15 billion as of Wednesday. small value The data showed.

“Reducing GBTC outflows is a bullish signal for the cryptocurrency as it reduces ongoing selling pressure on BTC,” Nick Ruck, COO of ContentFi Labs, told The Block.

On Wednesday, Fidelity’s spot Bitcoin ETF recorded net inflows worth $76.3 million, while Bitwise’s Bitcoin ETF added $24.3 million to the fund. According to SosoValue, Ark Invest’s ARKB recorded net inflows of $7.3 million, bringing total daily net inflows for U.S. spot Bitcoin ETFs to $90 million. BlackRock’s IBIT data was not updated at press time.

Grayscale Investments CEO Michael Sonneshein said Wednesday that the company’s funds are starting to reach “equilibrium” amid outflows. Reuters. He added that this follows a period of significant capital outflows triggered by a combination of conversion transactions and settlements from insolvencies such as FTX.

“GBTC flows appear to have bottomed out due to rumors that many forced sellers have run out,” Benjamin Stani, director of business development at Matrixport, told The Block. GBTC leak.

Still, Stani noted that weekly flows for the ETF have been volatile since its debut, so outflows could increase back to previous levels. “I want to bring some caution to this data point because it’s important to remember that we’ve been seeing a slowdown for several weeks previously.”

“Of course we will find a balance at some point and Sonnenshein’s comments suggest we are close, so I think the market is taking it more seriously this time,” Stani said.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025
Most Popular

Solana validators confirm record-breaking tips as secret fees plague network users

August 10, 2024

Suspicion of North Korean links due to alleged $5 million violation of Tapioca DAO

October 19, 2024

Spot Bitcoin ETF Approval Likely in January, But Ethereum Is a ‘Completely Different Animal’: Bloomberg ETF Analyst

December 16, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.