BlackRock keeps stacking while Grayscale keeps bleeding.
Over the past 20 days, BlackRock’s IBIT accumulated roughly $1.08B worth of $BTC with inflows recorded on just 7 of those days.
Meanwhile, Grayscale’s GBTC saw $254.7M in net outflows during the same period.
Institutional $BTC demand isn’t disappearing. It’s becoming more selective about where the exposure sits.
Over the past 20 days, BlackRock’s IBIT accumulated roughly $1.08B worth of $BTC with inflows recorded on just 7 of those days.
Meanwhile, Grayscale’s GBTC saw $254.7M in net outflows during the same period.
Institutional $BTC demand isn’t disappearing. It’s becoming more selective about where the exposure sits.
