Grayscale GBTC records lowest outflows since February at $75 million

Quick Take

On April 3, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a notable increase in net inflows, reaching $113.5 million, marking the most substantial daily net inflow since March 28. This surge was primarily fueled by Fidelity’s FBTC, which saw its highest net inflow since March 26, totaling $116.7 million. Consequently, FBTC’s total net inflows surged to an impressive $7,768.0 billion, according to Farside data.

BTC ETF Flow Table: (Source: Farside)

Farside data reports that Bitwise’s BITB also contributed positively, attracting $23.0 million in net inflows, which has been strongest since March 28, with total net inflows reaching $1,664.9 billion.

Grayscale’s GBTC experienced outflows of $75.1 million, though lower than the previous day and the lowest since February 26. Despite the outflows, GBTC’s total outflows have now amounted to a significant $15,227.1 billion, with its BTC holdings decreasing to approximately 325,000 BTC from 621,000 BTC before the ETF launch on January 11, as per Glassnode data.

GBTC ETF Balance: (Source: Glassnode)
GBTC ETF Balance: (Source: Glassnode)

According to Farside data, total net inflows for Bitcoin ETFs have surged impressively to $12,196.8 billion, signaling sustained interest and demand for Bitcoin investment products.

The post Grayscale GBTC records lowest outflows since February at $75 million appeared first on CryptoSlate.

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