Grayscale GBTC ETF Sees Record Lowest Outflow at $17.5 Million

Grayscale GBTC ETF Sees Record Lowest Outflow at $17.5 Million

By: Isha Das

Quick Summary

According to recent data, Bitcoin Exchange-Traded Funds (ETFs) witnessed a considerable inflow of $123.7 million on Apr. 10, despite a persistent period of outflows. Particularly, the Grayscale GBTC ETF recorded its lowest outflow at a mere $17.5 million since its inauguration. Farside data reveals that although GBTC's total outflows have reached $15,981.0 billion, the fresh data highlights GBTC's resilience amid challenging investor sentiment.

Among the BTC ETFs, including BlackRock IBIT, Fidelity FBTC, ARK’s ARKB, and Bitwise BITB, only these four registered positive inflows as of Apr. 10. The infographics based on Farside data underlines that FBTC stood as the leader with an inflow of $76.3 million, pushing its total inflows to reach $8,043.2 billion. Today, the combined net inflows to Bitcoin ETFs are at an enormous $12,494.5 billion.

In addition to this, data from Heyappollo suggests that the eleven US spot BTC ETFs collectively hold 840,505 BTC. Such a statistic proves that despite dwindling outflows in specific ETFs, the overall Bitcoin ETF market remains robust, as illustrated by the steady and sizeable infill.

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