Grayscale Bitcoin Mini Trust Sees Second Day of Inflows, GBTC Records Outflow

IconCryptoNewsTerminal Staff01 Aug, 2024

cryptonews.jpg

Grayscale Bitcoin Mini Trust Sees Second Day of Inflows, GBTC Records Outflow

Grayscale Bitcoin Mini Trust (BTC) experienced an inflow of $191 million on February 1st, according to data from financial information platform Farside Investors. This marks the second consecutive day of net inflows following the initial trading day. The Grayscale Mini Bitcoin Trust is a spin-off product of the popular Grayscale Bitcoin Trust (GBTC), with a lower management fee of 0.15% compared to GBTC's 0.50%. Despite the inflows into the Mini Trust, GBTC reported a net outflow of $71.3 million on the same day.