Articles for tag: Bitcoin ETF, BlackRock iShares, Cryptocurrency market, Grayscale Bitcoin Trust, investment outflows, market competition, portfolio diversification

December 16, 2024

$21 Billion Exits Grayscale Bitcoin Trust ETF: What It Means for Cryptocurrency Investors

The Grayscale Bitcoin Trust (GBTC) is facing significant outflows, losing over $21 billion since becoming a spot ETF in January 2024, making it the only U.S. Bitcoin ETF experiencing negative net inflows. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) has seen immense demand, capturing nearly $36 billion in inflows. Despite GBTC’s struggles, the overall Bitcoin ...

December 16, 2024

Market News

Crypto

Grayscale Bitcoin Trust ETF Sees Over $21B in Outflows in Less Than a Year: Market Impact and Analysis

The Grayscale Bitcoin Trust (GBTC) has experienced over $21 billion in withdrawals since its launch in January, making it the only U.S. spot Bitcoin ETF with a negative net investment flow. Averaging nearly $90 million in daily losses for the past 11 months, GBTC’s total outflows reached $21.045 billion by mid-December. In contrast, nine other ...