Grayscale’s ETF bleeding has slowed again, while other funds have seen another strong day of inflows, lifting them to a fortnightly high.
Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF) has seen its third consecutive trading day of slowing net outflows, hitting a record low of $22.4 million as ETFs combined hit a two-week net inflow high.
Farside Investor data for Feb. 26 shows the Grayscale Bitcoin Trust (GBTC) had three back-to-back days of slowing net outflows on Feb. 22, 23 and 26. It ended the trading week on Friday with a daily net outflow of $44.2 million, and outflows further halved on Feb. 26.
However, Grayscale has also marked 31 straight trading days of outflows since it converted to an ETF on Jan. 11, with $7.47 billion in total drained from the ETF.
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Source: https://cointelegraph.com/news/gbtc-lowest-ever-outflow-bitcoin-etfs-2-week-inflow-high