According to BlockBeats, data from Farside Investors on April 11th revealed that Grayscale Bitcoin Trust (GBTC) recorded a net outflow of only $17.5 million. This marks the lowest single-day net outflow since its conversion to a spot Exchange-Traded Fund (ETF).
Despite only Fidelity's FBTC and ARK's ARKB having released their data for the day, the overall net inflow for Bitcoin spot ETFs in the United States was recorded at $14.1 million. The data indicates a shift in investor behavior, with more funds flowing into Bitcoin spot ETFs than out of GBTC.
The conversion of GBTC to a spot ETF has been a significant event in the cryptocurrency market, and these latest figures provide insight into the changing dynamics of investment in this sector. The lower outflow from GBTC and the net inflow into Bitcoin spot ETFs suggest a growing interest and confidence in these investment vehicles.