According to BlockBeats, Grayscale GBTC reported its first net inflow since its conversion to a spot ETF on May 4th. The net inflow recorded was $63 million. This significant financial movement marks a new phase for the Grayscale GBTC after its transition to a spot ETF. The conversion has evidently attracted new investments, as indicated by the substantial net inflow. This development could potentially influence the dynamics of the cryptocurrency market. However, the long-term impact of this change remains to be seen. The Grayscale GBTC's performance in the coming months will provide further insights into the effects of its conversion to a spot ETF.
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Grayscale GBTC Records First Net Inflow After Conversion To Spot ETF
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