Martha Ezeani 
GBTC ETF experienced a record-low net outflows of $22.4 million amidst a two-week high in total net inflows for all ETFs combined.
GBTC ETF has seen slowing net outflows for the third consecutive trading day, hitting a record low of $22.4 million.
GBTC ETF Outflow Decreases
This occurred when the total net inflows for all ETFs combined reached a two-week high. According to Farside Investor’s statistics for February 26th, the Grayscale Bitcoin Trust (GBTC) experienced three consecutive days of slower net outflows on February 22, April 23, and February 26.
On February 26th, the daily net outflows were further halved from the $44.2 million recorded on Friday, the last day of the trading week.
However, GBTC ETF has had outflows for 31 consecutive trading days since it converted to an exchange-traded fund (ETF) on January 11. The total amount of money removed from the ETF is $7.47 billion.
Adam Back, the CEO of Blockstream, a company specializing in Bitcoin technology wrote in post to X on February 26 that he is “waiting for the day GBTC ETF flashes an inflow.”
Back stated that “it could happen,” but explained that to encourage traders to arbitrage the ETF, there would need to be “just enough premium.”
In a second post on X, Henrik Andersson, chief investment officer at Apollo Crypto expressed his agreement with the statement. He stated that the first time Grayscale’s fund achieves a net inflow, it “will be a mega signal to the market.”
The aggregate net inflows of all Bitcoin exchange-traded funds (ETFs) other than Invesco and Galaxy reached $515.5 million on February 26, according to statistics provided by Farside.
This represents the greatest amount in the past two weeks. Although the exchange-traded funds (ETFs) saw a combined net inflow of $631.3 million on February 13, they have been unable to sustain this momentum since then.
On February 21, they experienced a net outflow of $35.6 million due to a relatively greater outflow day from GBTC and lesser inflows to other funds.
Fidelity’s exchange-traded fund (ETF) received over $243 million in inflows on February 26, representing nearly half of the day’s net total. Furthermore, it is FBTC’s second-highest inflow day ever, trailing only January 17th.
ARK Invest and 21Shares Fund which had respective inflows of about $112 million and over $130.5 million, contributing the remaining half of the net inflow. BlackRock’s exchange-traded fund (ETF) was also a contributor to the same amount.