Grayscale’s Bitcoin Trust marks lowest outflow since trading inception Insights BitcoinCrypto EquitiesETFsGBTC
Grayscale’s Bitcoin Trust marks lowest outflow since trading inception
Bitcoin ETF landscape: BlackRock leads with $3B in net inflows.
Quick Take
The 15th day in the evolving landscape of Bitcoin ETFs displayed a rather moderate pace with only $38.5 million in net inflows, according to BitMEXResearch.
The Grayscale Bitcoin Trust (GBTC) observed its lowest amount of outflows since day one of the trading period, recording a drop to $182 million.
Despite reduced net inflows, BlackRock’s IBIT ETF steadied its position with $164 million in net inflows. Fidelity’s FBTC, however, experienced its most minimal influx since trading began, tallying at $36 million.
In a broader context, BlackRock’s IBIT has accumulated a substantial $3 billion in net inflows, while Fidelity’s FBTC stands at a modest $2.4 billion in net inflows. In contrast, GBTC experiences continued to decline with $5.8 billion in net outflows.
The collective movement across these platforms resulted in a total net inflow standing at $1.379 billion.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.