Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Spot

<p>The cryptocurrency market has had a tumultuous week characterized by increased volatility and significant shifts in investment flows. One of the most notable trends is the massive influx into Bitcoin Spot ETFs. This stands in stark contrast to the substantial outflows from Grayscale Bitcoin Trust (GBTC) products.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">According to SoSoValue, the Bitcoin spot ETF had a total net inflow of $417 million yesterday. Grayscale ETF GBTC experienced a net outflow of $212 million in a single day, with the current historical net outflow of GBTC at $14.36 billion. The Bitcoin spot ETF with the highest… <a href="https://t.co/hzxGxfXCbo" rel="noopener noreferrer nofollow">pic.twitter.com/hzxGxfXCbo</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1772839466815869170?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption">
  A net total of 417 million dollars for the cash Bitcoin ETF
 </figcaption>
</figure>
<h2 id="h-unprecedented-inflow-into-bitcoin-spot-etfs">Unprecedented Inflow into Bitcoin Spot ETFs</h2>
<p>The <a href="https://www.cointribune.com/en/bitcoin-etf-2-4-billion-traded-in-one-day/" target="_blank" rel="noopener noreferrer nofollow">interest</a> in Bitcoin ETFs continues to rise. According to <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a>, Bitcoin Spot ETFs recorded <strong>a total net inflow of 417 million dollars</strong> on March 26, 2024. This amount indicates a peak of institutional interest in Bitcoin derivative products directly backed by the cryptocurrency<strong>.</strong></p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<h2 id="h-fidelity-fbtc-in-the-spotlight">Fidelity FBTC in the Spotlight</h2>
<p><a href="https://www.cointribune.com/en/etf-bitcoin-fidelity-and-blackrock-increase-their-btc-holdings-buy-signal/" target="_blank" rel="noopener noreferrer nofollow">Fidelity’s ETF FBTC</a>, which was launched just two weeks ago, has captured the majority of this influx. We’re talking about <strong>a net inflow of 279 million dollars</strong>. Low management fees (0.95%) and a straightforward investment structure of this Bitcoin ETF appear to be enticing investors.</p>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<h2 id="h-grayscale-gbtc-a-fading-model">Grayscale GBTC: A Fading Model</h2>
<p>Grayscale Bitcoin Trust (<a href="https://www.cointribune.com/en/?p=679815" target="_blank" rel="noopener noreferrer nofollow">GBTC</a>), which has long dominated the Bitcoin ETF market, experienced a difficult day. It shows <strong>a net redemptions of 212 million dollars</strong>. This negative trend is part of a long-term pattern, bringing the total net outflows to 14.36 billion dollars since the beginning of the year.</p>
<p>Several factors explain this disinterest in GBTC:</p>
<ul>
 <li><strong>Closed structure:</strong>&nbsp;GBTC is a closed-end fund, which limits liquidity and makes the investment more rigid.</li>
 <li><strong>High management fees:</strong>&nbsp;GBTC charges management fees of 2%, which is considered excessive compared to Bitcoin Spot ETFs.</li>
 <li><strong>No conversion to Spot ETF:</strong> Unlike its competitors, Grayscale has not yet converted its Trust into a Spot ETF. This deprives investors of certain tax advantages and better traceability.</li>
</ul>
<p>The massive influx into Bitcoin Spot ETFs and the significant outflows from GBTC indicate a shift in preferences among institutional investors. They now seem to favor products offering direct exposure to the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> with a more transparent investment structure.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Acheter ses premières cryptos avec la plateforme Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

Bitcoin ETF: Record influx of institutional investors at $417 million

Table of Contents

Cointribune EN

Other articles published on Mar 27, 2024

Top 4 Affordable Cryptocurrencies to Buy Today; All Under 1 Cent as of March 27th

KuCoin Crypto Exchange Faces Regulatory Challenges

Bitcoin (BTC) Hits a New Record of $73k! Could This Cause TRON and Raboo (RABT) to Accelerate?

Ripple News: XRP Holders Unable to Sell? CTO David Schwartz Offers Options

海外のオンラインカジノの進化：2024年のトレンドと魅力

Chainlink Shows Signs of a Price Surge

Join our free newsletter for daily crypto updates!