BlackRock's Bitcoin ETF Records $192 Million Worth of Inflows

Bitwise's Bitcoin ETF is in a distant second place with $11.1 million worth of inflows. Bitcoin Breaks $70,000: $80,000 Next? XRP Secures Crucial Support Level, Solana Paints Strong Reversal Patternthat its disastrous outflows would finally come to an end on Wednesday, Grayscale is seeing massive outflows yet again.

On Thursday, Grayscale bled roughly $125 million worth of Bitcoin. For comparison, it recorded $17.5 million worth of outflows the day before. Still, the most recent figure is much smaller compared to the $303 million that Grayscale's GBTC lost on Monday. The cryptocurrency community is, of course, waiting with bated breath to see Grayscale's streak of outflows finally coming to an end.

As predicted by Grayscale CEO Mike Sonnenshein, his firm's flagship fund was on the cusp of achieving an"equilibrium." The Grayscale boss attributed most of the selling to bankruptcy proceedings. Even though Bitcoin ETFs might not be the driving force behind Bitcoin's price moves, many have blamed Grayscale outflows for fueling bearish sentiment. Moreover, algorithmic trading protocols tend to react to daily ETF flows, and this Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.

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