
GBTC breaks 16-week outflow streak with $63 million inflow on May 3
Net inflows since January remain high at $17.5 billion.

Follow Grayscale news, including ETF conversions, fund flows, legal wins, product strategy, and institutional crypto investment trends.

Following the news, ADA and ATOM have faced considerable price struggles during the past day,

GBTC recorded the lowest outflows since March 12 at $82 million.

Grayscale's CLO noted that issues resolved during Bitcoin ETF approval process is applicable to Ethereum ETFs.

The broader crypto market dip also resulted in a substantial $10 billion drop in crypto investments AUM .

The SEC has delayed Ethereum ETF applications again, lowering the expectations of a May approval even further.

Grayscale CEO Michael Sonnenshein said the firm anticipated the heavy outflows GBTC experienced since its launch.



