Grayscale Bitcoin Trust Sees First Inflows Since US ETFs Were Approved
- GBTC received about $63 million on May 3, data shows
- The ETF has seen net outflows of around $17.4 billion
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The world’s largest cryptocurrency investment vehicle saw a net inflow of investor money for the first time since US exchange-traded funds holding the digital asset were allowed in January.
The $18.1 billion Grayscale Bitcoin Trust, or GBTC, received about $63 million on May 3, according to data compiled by Bloomberg. The ETF has seen net outflows of about $17.4 billion since it was converted from a trust.