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Crypto

GBTC Inflows Surge Amid BTC Price Rally

Guavy AI Editorial Team
Instruments
BTC
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Grayscale's Bitcoin Trust (GBTC) saw fresh inflows on September 22 as the price of BTC-USD surged past $84,000. The trust recorded net inflows of $3,342,500, bringing its assets under management to a total of $10,742,392,722.

The modest 0.03% increase in GBTC's AUM suggests that even incremental shifts in sentiment can have a significant impact on the crypto market.

With BTC-USD currently trading at $84,019.99 and having risen by 39.33% over the past three months, analysts suggest that price momentum is driving fresh fund flows into the asset.

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