Grayscale Bitcoin Trust (GBTC) experienced its first daily inflow of $63m since January debut.

Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF, saw its first daily inflow of $63m since its January debut, according to Farside Investors. GBTC had been a popular investment vehicle for bitcoin without direct purchase, but faced competition from nine rival spot bitcoin ETFs. Its bitcoin holdings dropped from over 600,000 to around 290,000 since January.