Grayscale's GBTC Sees Dip Amidst Bitcoin ETF Inflow Surge

Grayscale Investments faced a sharp dip in the new inflow for GBTC, its Bitcoin ETF. According to research conducted by BitMEX, the fund saw a drop in inflows to $44 million on Friday, which compares poorly to January 11, when inflows were $77 million. The news hit the headlines during the broader context of investors’ growing appetite in the newly launched spot Bitcoin ETF traces. The collective net inflows recorded were $232.3 million on the same day. This changing trend will show more confidence from investors in regulated crypto investment instruments, which is evidence that there is a likely movement of investment preference among the players.