Bitcoin ETF Inflows Surge as Grayscale "Lid" Weakens

Last week we talked about the Grayscale "Exodus" putting a lid on Bitcoin's ETF flows.

As predicted, that "lid" is beginning to weaken:

Not only are Grayscale's outflows (black) subsiding, but the remaining ETFs are holding their own and seeing net inflow increases, with nearly half a billion in net inflows yesterday alone.

Bitcoin is seeing selling pressure from traders on news that the SEC's lawsuit against Coinbase can continue.

We consider the lawsuit to be a minor, short-term story line. The big picture remains focused on institutional inflows and the upcoming Bitcoin halving event.