Grayscale Bitcoin ETF Snaps Losing Streak, Pulls In $63 Million

The Grayscale Bitcoin Trust ETF finally drew more new cash than it lost, snapping an 11-week streak with a positive gain of $63 million, according to CoinGlass.

GBTC has been seen so many investors cashing out since competing spot Bitcoin ETFs were approved in January, its outflows alone often weighed down the entire nascent space.

This is a developing story and is being updated as information warrants.