BREAKING: Grayscale’s GBTC stops bleeding: First inflow since launch Is this some kind of miracle?

For the first time since launch, Grayscale’s GBTC has recorded an inflow.

After 4 months of continual outflows and ~$17.5 billion leaving the fund, Grayscale recorded a net inflow of $63 million.

Franklin Templeton also recorded their largest ever inflow of $60.9 million.

Here’s the breakdown for yesterday’s flows: Fidelity (FBTC): $102.6 million 🥇 Grayscale (GBTC): $63 million 🥈 Franklin Templeton (EZBC): $60.9 million 🥉

With all issuers recording inflows, yesterday saw $378.3 million flowing into the Bitcoin ETFs.

Even ETF analyst Eric Balchunas couldn’t believe Grayscale actually recorded an inflow: As a result of these inflows, Bitcoins price jumped back above $60,000.

Clearly inflows from the ETFs and Bitcoins price are heavily correlated… We’re so back. 😎