Spot bitcoin ETF flows turn positive again as GBTC outflows taper

The assets leaving Grayscale Investment’s spot bitcoin ETF hit a new single day low, helping the broader fund category end a two-day net outflow streak. 

The Grayscale Bitcoin Trust ETF (GBTC) saw $17.5 million of net money leave its fund Wednesday, according to Farside Investors data. The total was a record low and reflected a substantial dip from net outflows of $303 million on Monday and $155 million on Tuesday. 

Helped by the shrunken GBTC outflow total Wednesday, the 11-fund US spot bitcoin ETF segment notched net inflows of $124 million. 

The BTC funds cumulatively endured net outflows of $224 million and $19 million on Monday and Tuesday, respectively, the data shows.

Bitcoin’s price hovered around 70,440 at 7:30 a.m. ET — up nearly 7% from a week ago.

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