Bitcoin

Grayscale Bitcoin Trust

WazirX

<ul>
 <li>Historical net outflows from GBTC amount to $19.6 billion, as per the statistics.</li>
 <li>With a current total net asset value of $54.35 billion, spot Bitcoin ETFs have been on a positive note.</li>
</ul>
Despite withdrawals in early August, demand in spot Bitcoin exchange-traded funds (ETFs) based in the US has persisted. Despite outflows in prior weeks, spot Bitcoin ETFs had a total weekly net inflow of $32.58 million on Aug. 16, according to data from SoSoValue. Net outflow of spot Bitcoin ETFs hit $169 million on August 9 after having dropped to $80.69 million on August 2.
Moreover, despite $72.9 million leaving the <a href="https://thenewscrypto.com/grayscale-names-peter-mintzberg-ceo-amid-bitcoin-etf-outflows/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a> Bitcoin Trust on August 16, the net inflow for spot Bitcoin ETFs reached $36 million. Although other spot Bitcoin ETFs are regularly receiving inflows of capital, GBTC has been suffering a persistent loss of capital.
<h3 class="wp-block-heading" id="h-good-inflows-consistently">Good Inflows Consistently</h3>
Historical net outflows from <a href="https://thenewscrypto.com/massmutual-enters-crypto-realm-with-grayscales-gbtc-investment/" target="_blank" rel="noopener noreferrer nofollow">GBTC</a> amount to $19.6 billion, as per the statistics. On the other hand, the Grayscale Bitcoin Mini Trust ETF maintained its total net inflows of $288 million on Aug. 16, as there was no net outflow.
On August 16th, the Fidelity Bitcoin Fund ETF received $61.3 million, which was the largest net inflow. The sum of all net inflows throughout its history now stands at $9.8 billion. On the same day, the iShares Bitcoin Trust ETF, which is managed by <a href="http://blackrock.com" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>, also had a substantial net inflow of $20.38 million, raising its entire historical total to $20.38 billion.
With a current total net asset value of $54.35 billion, spot Bitcoin ETFs have been receiving good inflows for some time. There is a current ETF net asset ratio of 4.65%, which shows that the market value of ETFs is 4.65% of Bitcoin’s total market value.
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U.S Spot Bitcoin ETFs See Positive Inflows Amid Volatile Market

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