Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
US Spot Bitcoin ETFs have seen significant inflows, with Blackrock, Fidelity, and other firms contributing to the positive trend. Genesis has sold off Grayscale shares to acquire Bitcoin for creditor repayment. Daily net inflows have surpassed $200 million, with Blackrock's IBIT leading with over $300 million inflows. Despite GBTC outflows, the overall ETF market remains bullish.
Sources
CoinDesk
$BTC outflows from ARK 21Shares' $ARKB ETF surpassed those of Grayscale's $GBTC for the first time on Tuesday, with ARKB seeing $88 million in outflows and GBTC $81 million. https://t.co/HaDoQE1nXh
Bitcoin.com News Genesis Sells Grayscale Shares, Buys $2.17 Billion in #Bitcoin for Customer Reimbursement https://t.co/RjP0lYEtTt
Bitcoin News The calls for smaller outflows from GBTC seem to have been misguided as the fund sees $199 million leave on Friday 👀😮 https://t.co/8oDtPmouKX
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