This week’s flows into the combined U.S. spot Bitcoin exchange-traded funds turned positive on Wednesday, eclipsing the net outflows witnessed on Monday.
Fidelity’s FBTC is now approaching 150,000 BTC under management. BlackRock’s IBIT leads among the newborn spot Bitcoin ETFs with over 256,000 BTC . However, markets were closed on Good Friday, which could have impacted Monday's figure, and GBTC’s outflows subsequently slowed to $81.9 million on Tuesday and then $75.1 million yesterday.
“Gonna make a call. I *think* we are likely through the Gemini/Genesis selling due to the Genesis bankruptcy for GBTC shares,” Seyffart said yesterday.Although outflows from Grayscale’s GBTC appear to be slowing, so are the overall flows for the spot Bitcoin ETFs since peaking at a net daily inflow of $1.05 billion on March 12, as bitcoin approached its latest all-time high of $73,836, according to The Block’s data dashboard.
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