Grayscale Bitcoin ETF Ends 77-Days of Outflows, GBTC Inflows Begin

On Friday, May 3, the Bitcoin price jumped soon after the release of the US jobs data with nonfarm payrolls coming much less than expected thus increasing the chances of a dovish stand by the Fed. This helped to arrest the seven consecutive days of outflows from US Bitcoin ETFs with flows turning net positive once again. However, the most interesting part is that the outflows from the Grayscale Bitcoin ETF have finally stopped after the 77-day losing streak.