Bitcoin ETFs are back? 🚀

U.S. spot Bitcoin ETFs saw their best day in over a month with $378 million net inflows.

Author

Stephen Graves
May 07, 2024

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📝 What you need to know

U.S. spot Bitcoin ETFs saw their best day in over a month, with over $378 million in net inflows recorded on Friday, reversing a week of net outflows. The positive flows continued Monday—but the big news was that Grayscale Bitcoin Trust (GBTC) has seen two consistent days of net inflows for the first time since its conversion to a Bitcoin ETF was approved in January. Could ETF flows be reaching “equilibrium,” as Grayscale CEO Michael Sonnenshein suggested last month?

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“The message from the Nigerian government is clear: we must detain an innocent, mid-level employee and a former U.S. federal agent, and place him in a dangerous prison in order to control Binance.”

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