Grayscale Bitcoin Trust's shares jump after first inflow since January
Mon, May 6, 2024 5:10 PM

Grayscale Bitcoin Trust's shares jump after first inflow since January

A Flip by Shubhangi Gupta
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Shares of Grayscale Bitcoin Trust jumped 5% in premarket trading on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January. The move marks a major milestone for GBTC, which has seen $17.46 billion in withdrawals since it converted from a trust to an easily tradable ETF in January.

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