Grayscale's GBTC outflows outweigh broad inflows across spot bitcoin ETFs
The 11 spot bitcoin ETFs in the U.S. recorded a total daily net outflow of $11.29 million on Thursday.Only Grayscale’s GBTC saw net outflows on the day.
Spot bitcoin exchange-traded funds in the U.S. saw a total net outflows of $11.29 million on Thursday, with all of them recording zero or positive daily net inflows except for Grayscale’s GBTC.
BlackRock’s IBIT fund led net inflows on Thursday with $14 million and Bitwise followed with $7 million worth of inflows, according to data from SoSoValue. Funds from Fidelity, Ark Invest, Invesco and Galaxy Digital, and Franklin Templeton logged single-digit net inflows that totaled $11 million.
The inflows were overshadowed by GBTC’s $43 million net outflows, while remaining spot bitcoin ETFs from VanEck, Valkyrie, WisdomTree and Hashdex recorded zero flows on Thursday.
Since listing in January, U.S. spot bitcoin ETFs have accumulated a net inflow of $11.76 billion. The total trading volume of these ETFs is on a gradual decline since hitting its peak in early March, when bitcoin hit its all-time high, The Block’s data showed .
RELATED INDICES
The price of bitcoin stood at $62,764 at the time of publication, making a 2% recovery in the past 24 hours, according to The Block's Price Page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin, altcoins sell-off as Fed chair switch-up, AI bubble fears spook markets
From yen rate hikes to mining farms shutting down, why is bitcoin still falling?
The recent decline in bitcoin prices is primarily driven by expectations of a rate hike by the Bank of Japan, uncertainty regarding the US Federal Reserve's rate cut trajectory, and systemic de-risking by market participants. Japan's potential rate hike may trigger the unwinding of global arbitrage trades, leading to a sell-off in risk assets. At the same time, increased uncertainty over US rate cuts has intensified market volatility. In addition, selling by long-term holders, miners, and market makers has further amplified the price drop. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The Economist: The Real Threat of Cryptocurrency to Traditional Banks
The crypto industry is replacing Wall Street's privileged status within the American right-wing camp.
Grayscale's Top 10 Crypto Predictions: Key Trends for 2026 You Can't Miss
The market is transitioning from an emotion-driven cycle of speculation to a phase of structural differentiation driven by regulatory channels, long-term capital, and fundamental-based pricing.
Trending news
MoreCrypto prices
More
