Grayscale Bitcoin ETF Outflows Cancels Out Its $66.9M Inflows In Just 2 Days

The post Grayscale Bitcoin ETF Outflows Cancels Out Its $66.9M Inflows In Just 2 Days appeared first on Coinpedia Fintech News

The Grayscale Bitcoin ETF has nullified its substantial inflows of $66.9 million in just two days as it failed to continue the inflow momentum since then. It recorded outflows worth $28.6 million and $43.4 million on May 7 and May 9. The rest of the spot Bitcoin ETFs recorded positive or no investments in the time frame. On average, the Grayscale Bitcoin Trust has lost $211 million since its launch and all the BTC ETFs except Grayscale have positive inflow balances.