"Bitcoin ETFs See $4 Billion Inflows While Crypto Funds Experience Outflows"
TL;DR Summary
Following the launch of spot Bitcoin exchange-traded funds (ETFs), high-profile crypto funds such as Grayscale, CoinShares, and 21Shares have experienced significant outflows totaling $2.9 billion, while newly issued Bitcoin ETFs have seen inflows of $4.13 billion. Investors are shifting their money into the new Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust emerging as the best-performing ETF. Additionally, Grayscale’s Bitcoin Trust has seen over $2.2 billion in outflows since its conversion to an ETF, as investors are now able to redeem their shares.
- Bitcoin ETFs Have Gained $4 Billion—But Other Crypto Funds Are Waning Decrypt
- 640K Bitcoins Held By US Bitcoin ETFs Channels Television
- Trading Volume on Proshares Bitcoin ETF Tanks 75% as Focus Shifts to Spot ETFs CoinDesk
- Crypto fund outflows reach $24.7M as GBTC selling impacts Bitcoin price Cointelegraph
- Let's pour one out for the first-day spot bitcoin ETF investors Blockworks
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