According to Farside Investors, GBTC attracted $31.6 million in inflows, pushing its total assets to over $18 billion.
Institutional interest in Bitcoin grows, adding liquidity despite Grayscale’s recent high-fee withdrawals., the leading cryptocurrency, is beginning to recover from a week-long slump, currently valued at $67,093 with a 1.28% increase in the past 24 hours.reported that Grayscale’s spot Bitcoin ETF saw inflows of $31.6 million, and GBTC now oversaw more than $18 billion in assets.Well, Grayscale has faced major challenges since converting from a trust to a spot ETF in January.
Interestingly, on the 15th of May, all spot Bitcoin ETFs, apart from BlackRock’s iShares Bitcoin Trust , reported inflows.
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