---
title: "Grayscale Bitcoin Mini Trust records $191 million inflows after soft debut"
url: https://diffcoin.com/grayscale-bitcoin-mini-trust-records-191-million-inflows-after-soft-debut/
description: "The Grayscale Bitcoin Mini Trust recorded a 960% inflow increase on its second trading day as investors poured $191 million into the fund."
published: 2024-08-02
updated: 2024-08-02
author: "Mila"
site: "Diffcoin"
---

# Grayscale Bitcoin Mini Trust records $191 million inflows after soft debut

### Key Takeaways

- Grayscale’s Bitcoin Mini Trust continued its strong performance on Thursday, attracting an additional $191 million in inflows.
- The Grayscale Bitcoin ETF has suffered over $19 billion in losses post-ETF conversion.

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Grayscale’s Bitcoin Mini Trust got off to a strong start after pulling in $191 million on Thursday, its second day of trading, data from Farside Investors shows. The surge marks a 960% uptick from its initial day’s $18 million.

The fund, operating under the BTC ticker, comes as part of Grayscale Investments’ ongoing efforts to attract investors with a low-cost option for gaining exposure to Bitcoin. With a 0.15% sponsor fee, Grayscale’s BTC is the cheapest spot Bitcoin exchange-traded fund (ETF) on the market.

The mini fund is also expected to alleviate selling pressure on the Grayscale Bitcoin Trust (GBTC) and capture a portion of GBTC’s capital outflows.

Thursday’s gain brings the total net inflows of the BTC to $209 million. According to updated data from Grayscale, its market value stands at around $1.7 billion.

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

In contrast, GBTC reported approximately $71 million in net outflows on Thursday. The fund’s total loss after its ETF conversion exceeded $19 billion.

Other competing ETFs, including Fidelity’s FBTC, Bitwise’s BITB, ARK Invest/21Shares’ ARKB, and VanEck’s HODL, also witnessed capital withdrawals.

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