Is Bitcoin’s Bull Run Stumbling? Record Grayscale Outflows Signal Potential Shift
While Bitcoin spot exchange-traded funds (ETFs) witnessed substantial inflows on Thursday, Grayscale’s Bitcoin Trust (OTC: GBTC) experienced a staggering net outflow of $598 million in a single day. What Happened: In contrast, BlackRock’s Bitcoin ETF (NASDAQ: IBIT) enjoyed a net inflow of $603 million, highlighting a remarkable divergence in investor sentiment, according to data from SoSoValue. The Fidelity Wise Origin Bitcoin Fund (BATS: FBTC) and Bitwise’s Bitcoin ETF (BATS: BITB) followed with comparatively modest inflows of $44.8 million and $21.7 million, respectively. Despite Bitcoin (CR…