BitcoinWarrior

News and Education

Bitcoin Spot ETFs Hit Speed Bump As Grayscale Outflows Reach $302M In A Day, But 2 Firms Enjoy Inflows

Bitcoin spot ETFs recorded a net outflow of $85.84 million on April 1, amid a broader slowdown in the digital asset investment space. What Happened: Data from SoSoValue shows a mixed picture for individual Bitcoin spot ETFs. Grayscale’s industry-leading GBTC (OTC:GBTC) fund experienced a significant single-day outflow of $302 million. Competitors like BlackRock‘s (NASDAQ:IBIT) and Fidelity‘s (BATS:FBTC) saw inflows of $165 million and $43.99 million respectively. Despite the recent outflow, Bitcoin spot ETFs have seen a cumulative net inflow of over $12 billion year-to-date. Shifting Market Se…