Bitcoin Spot ETFs See Mixed Inflows: Grayscale Outflows Amidst Market Fluctuations

The post Bitcoin Spot ETFs See Mixed Inflows: Grayscale Outflows Amidst Market Fluctuations appeared first on Coinpedia Fintech News

The Bitcoin market continues to see dynamic movements, particularly in Bitcoin spot ETFs. On July 29, there was a notable net inflow of $124 million into Bitcoin spot ETFs, marking the fourth consecutive day of inflows.

Grayscale’s ETF, GBTC, experienced a significant single-day outflow of $54.2931 million, while BlackRock’s ETF, IBIT, recorded a substantial inflow of $206 million. Bitcoin spot ETFs’ total net asset value now stands at $61.732 billion. This activity highlights diverse investor sentiment and positioning amidst recent price fluctuations and market developments.