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Bitcoin price tags $63K as Grayscale’s GBTC ETF experiences first inflow after nearly three deadlock months

From fxstreet.com

Bitcoin (BTC) price has broken above the $63,000 threshold, steadily holding above it despite the weekend lull, as trading volume soars 10%. It comes as spot BTC exchange-traded funds (ETFs) continue to drive demand, shaping and accelerating price action. Grayscale records $63 million in inflows It is a watershed moment for Grayscale trading counters, after their spot BTC ETF, IBIT, recorded the first inflow since the product went live on January 11. Reports indicate that the investment manager recorded inflows of up to $63 million on Friday. {chart} Since January 11, it is nearly 80 days of spot Bitcoin ETFs trading ... (full story)

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  • Category: Fundamental Analysis