Oddbean new post about login | logout Fidelity Bitcoin ETF 208M Dollar Inflow Offsets Grayscale Outflows On January 29, Fidelity's spot Bitcoin exchange-traded fund (ETF) reportedly saw a significant achievement by attracting $208 million in daily inflows. This surpassed the outflows from the Grayscale Bitcoin Trust (GBTC) for the first time since their respective launch days. https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/crypto-news/thumbnail/KUBteloQEXUDPNwyDItLzvjdZ7j0ElFuImqD9q5r.jpg
Grayscale's Bitcoin fund, GBTC, has been experiencing outflows, but the pace of outflows has slowed in recent days . On March 6, 2024, GBTC recorded a substantial outflow of $276.2 million. However, it's worth noting that the outflows from GBTC have been decreasing, with a nearly 25% decrease from $255 million on January 26 and a significant 70% drop from its peak daily outflows
