BlackRocks Bitcoin ETF Records $192 Million Worth of Inflows

　　Overall, Bitcoin ETFs saw a rather decent $91.3 million worth of inflows on Thursday.

　　The largest cryptocurrency by market cap is currently changing hands slightly above the $71,000 level.

　　Grayscale posts massive outflows (again)

　　After giving the bulls um vislumbre de esperança that its disastrous outflows would finally come to an end on Wednesday, Grayscale is seeing massive outflows yet again.

　　On Thursday, Grayscale bled roughly $125 million worth of Bitcoin. For comparison, it recorded $17.5 million worth of outflows the day before. Still, the most recent figure is much smaller compared to the $303 million that Grayscales GBTC lost on Monday.

　　The cryptocurrency community is, of course, waiting with bated breath to see Grayscales streak of outflows finally coming to an end.

　　As predicted by Grayscale CEO Mike Sonnenshein, his firms flagship fund was on the cusp of achieving an “equilibrium.” The Grayscale boss attributed most of the selling to bankruptcy proceedings.

　　Even though Bitcoin ETFs might not be the driving force behind Bitcoin‘s price moves, many have blamed Grayscale outflows for fueling bearish sentiment. Moreover, algorithmic trading protocols tend to react to daily ETF flows, and this tende a afetar Bitcoin’s price performance.