
Grayscale's Bitcoin Trust (GBTC), the largest Bitcoin exchange-traded fund (ETF) by assets, reported its first net inflow since its launch in January 2024, marking a significant turnaround after 11 consecutive weeks of outflows. On Friday, GBTC experienced a $63 million inflow, contributing to a broader trend where all spot Bitcoin ETFs saw inflows for the first time since their inception. This positive shift continued into Monday, with GBTC recording a second consecutive day of inflows, totaling $3.9 million. The overall market for Bitcoin ETFs also reflected this uptrend, with a total of $217 million in net inflows reported on Monday across various funds. Additionally, the ETF's shares jumped 5% in premarket trading on Monday.





⚠️ JUST IN: *BITCOIN ETFS TAKE IN $217 MILLION FOR SECOND CONSECUTIVE DAY OF NET GAINS #BTC #BITCOIN https://t.co/tDfa1T1BZ4
Bitcoin ETFs saw $217 million in net flows yesterday. Every single fund saw another day in the green—including Grayscale Bitcoin Trust. Read more: https://t.co/aHzMWzB9Mi
Couple thoughts/questions on the #Bitcoin ETFs- Round numbers: - $12bn of net inflows Jan-March - $800mm of outflows in the last three weeks of April - Of that $800mm, $350mm came out of ETFs that weren't GBTC, so that money that came in and then came out - Then a really weird…