Key Points
- Spot bitcoin ETFs in the U.S. experienced net inflows yesterday, led by Grayscale's converted Bitcoin Trust.
- The Securities and Exchange Commission has postponed decisions on spot Ethereum ETFs.
Grayscale's converted Bitcoin Trust, GBTC, saw neither inflows nor outflows yesterday, marking a change in its recent trend of significant outflows.
Since its conversion to a spot bitcoin ETF, GBTC has mainly reported considerable outflows, often outweighing inflows into other products.
ETF Performance
According to data from SoSo Value, GBTC has seen approximately $17 billion in net outflows.
However, the Bitwise Bitcoin ETF stood out yesterday, recording inflows of around $12 million.
Since their respective launches, spot bitcoin ETFs in the U.S. have collectively seen a net inflow of $11.77 billion.
Despite this, volumes have been on a steady decline since their peak in early March.
Ethereum ETFs
In other crypto ETF news, a proposal to list and trade shares of Grayscale's ether futures ETF has been withdrawn.
Additionally, the Securities and Exchange Commission has postponed making decisions regarding spot Ethereum ETFs.