Global #Grayscale Bitcoin Trust

Grayscale Investments, a leading crypto asset manager, is set to launch options trading on its spot Bitcoin exchange-traded products (ETPs), including the Grayscale Bitcoin Trust (GBTC) and the Bitcoin Mini Trust (BTC), this Wednesday.

In a notable development within the cryptocurrency investment landscape, Bitcoin spot exchange-traded funds (ETFs) have experienced varied inflows recently, reflecting the broader volatility in the cryptocurrency market.

The Grayscale Bitcoin Trust (GBTC), a spot Bitcoin exchange-traded fund (ETF), saw a brief increase in investment inflows in early May after a prolonged period of financial losses since its inception.

The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock's Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows.

Bitcoin (BTC) is poised to build on Wednesday's increase, hovering near $70,800, while ether (ETH) is trading above $3,500, as the market continues to digest higher-than-expected U.S. CPI data and slowing outflows from the Grayscale Bitcoin Trust (GBTC).