The Bitcoin ETF inflow has seen consecutive green trends for the first time in days as the BTC price continued to trend above $60,000.
Similarly, Grayscale, currently holding the largest Asset Under Management and ETF market cap, also witnessed outflows until recently. Could the reversal in ETF flow influence the price trend of BTC?AMBCrypto’s examination of the flow chart indicated that the spot ETF experienced outflows from the 24th of April to the 2nd of May. It reached its peak outflow volume on the 1st of May, exceeding $563 million.
According to data from Coinglass, Grayscale boasts the largest spot BTC ETF market cap, exceeding $18 billion at the time of this writing.
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