GBTC is Back Again
May 4, 2024
Grayscale Investments recorded incoming capital on the GBTC asset for the first time on May 3rd. This turnaround occurred after nearly four months of continuous outflows since January when it converted into a Bitcoin exchange-traded fund (ETF). Following a total outflow of approximately $17.5 billion, buyers dominated again yesterday, purchasing a net value of $63 million worth of GBTC shares.
