Bitcoin ETF: Grayscale Nixes $66.9M Inflow within 48 Hours

CoinMarketCap05-10

Key Points Grayscale’s Bitcoin ETF experienced significant outflows, reversing recent investment gains within two days. Other Bitcoin ETF issuers, excluding Grayscale, maintain positive inflow ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin ETF: Grayscale Nixes $66.9M Inflow within 48 Hours\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-10 19:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/663e0af72ca81e59e241ce03/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nGrayscale’s Bitcoin ETF experienced significant outflows, reversing recent investment gains within two days.\nOther Bitcoin ETF issuers, excluding Grayscale, maintain positive inflow ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/663e0af72ca81e59e241ce03/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/663e0af72ca81e59e241ce03/","article_id":"2434048830","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/3e001d22a1174ee9a8d6bb11a1bd42d2.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434048830","pubTimestamp":1715342063,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Key Points Grayscale’s Bitcoin ETF experienced significant outflows, reversing recent investment gains within two days. Other Bitcoin ETF issuers, excluding Grayscale, maintain positive inflo","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","EZBC":"Franklin Bitcoin ETF","FDN":"First Trust Dow Jones Internet I","BRRR":"Valkyrie Bitcoin Fund","BK4594":"比特币ETF概念","BITO":"ProShares Bitcoin Strategy ETF","BK4588":"碎股","BTCO":"Invesco Galaxy Bitcoin ETF","BK4550":"红杉资本持仓","BITB":"Bitwise Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","DEFI":"Hashdex Bitcoin ETF","ARKB":"ARK 21Shares Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","GBTC":"Grayscale Bitcoin Trust"},"translate_title":"比特币交易所交易基金：灰度指数在48小时内流入6690万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"HODL":1,"GBTC":1,"FDN":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"ARKB":1,"BRRR":1,"BITO":1,"BITB":1},"content_text":"Key Points\n\nGrayscale’s Bitcoin ETF experienced significant outflows, reversing recent investment gains within two days.\nOther Bitcoin ETF issuers, excluding Grayscale, maintain positive inflow balances.\n\nGrayscale’s Bitcoin exchange-traded fund (ETF) saw a sudden reversal in fortunes as recent investments quickly evaporated.\nThe Grayscale Bitcoin Trust (GBTC) had recorded inflows worth $66.9 million in May, after losing over $17.5 billion in the preceding 78 days since its launch on January 11.\nInvestment Fluctuations\nThe investments were concentrated on May 3 and 6, with $63 million and $3.9 million coming in on each day, respectively.\nHowever, this upward trajectory was short-lived.\nOutflows of $28.6 million and $43.4 million were recorded on May 7 and 9, effectively erasing the recent investments.\nDuring this period, Grayscale was the sole Bitcoin ETF issuer to report outflows.\nThe other nine Bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) either reported positive investments or none at all.\nOn average, the Grayscale Bitcoin Trust lost $211 million each day since its inception.\nDespite this, contributions from other participants have kept the net balance at a positive $11.7 billion.\nPositive Balances\nIt’s worth noting that all Bitcoin ETF issuers, with the exception of GBTC, have positive inflow balances.\nAmong them, BlackRock’s iShares Bitcoin Trust (IBIT) has attracted the highest investments, totaling nearly $15.5 billion so far.\nOther notable issuers include Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB), which have net inflows of $8.1 billion, $1.7 billion and $2.2 billion, respectively.\nIn an exclusive interview at Paris Blockchain Week in April, VanEck CEO Jan VanEck stated that 90% of Bitcoin ETF inflows come from the retail sector.\nHe noted that while some Bitcoin whales and other institutions have moved some assets in, they were already exposed to Bitcoin.\nVanEck also anticipated the arrival of significant institutional investments from banks and traditional firms by May.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434048830"}