US Bitcoin ETF's Inflows Surpass $170M for the First Time Since Inception
Publication Time:2024-07-21 03:10:13
According to data, the Grayscale Bitcoin Trust's ETF inflows climbed to $170 million for the year, marking the first time it surpassed this threshold. This milestone was shared by Balchunas on his Seeking Alpha platform. The significance of this number lies in its reflection of GBTC's redemption volume, not driven by price movements, suggesting a rise in demand and utilization of Bitcoin ETFs.