Browsing:Grayscale

Grayscale's GBTC sees over $10B outflow, marking a record withdrawal
2 months ago 1 min read

Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal

Grayscale’s Bitcoin Trust (GBTC) has just been removed $10.6 billion, resulting in the second-largest outflow in the ETF industry over the last 15 years. The change in investor preferences is seen in the Vanguard S&P 500 ETF (VOO) taking the lead with over $258 billion in inflows, followed by the iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI). Plus, exchange-traded funds (ETFs) such as SPDR Gold Shares (GLD) and SPDR S&P MidCap 400 ETF Trust (MDY) are experiencing significant withdrawals of funds. Furthermore, investors are reallocating their investments from gold exchange-traded funds (ETFs) to

withdrawals from Grayscale's Bitcoin ETF (GBTC) have exceeded $5 billion since January 11
4 months ago 1 min read

The US Bitcoin ETFs experience net inflows of only $1.8 billion

According to digital asset management firm CoinShares, withdrawals from Grayscale’s Bitcoin ETF (GBTC) have exceeded $5 billion since January 11, outpacing inflows into other funds. While the pace of daily redemptions has slowed over the last week, indicating a slowdown in sales, GBTC’s net outflows stand at $2.2 billion, while U.S. bitcoin ETFs saw net inflows of only $1.8 billion. According to CoinShares’ Chief of Research, James Butterfill, the slowdown in daily redemptions indicates a downward trend in GBTC outflows. Notably, Coinbase Prime received $289 million in bitcoin from Grayscale on Monday, a significant reduction from the previous week’s average

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF
4 months ago 1 min read

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF

Investors have sold over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) since its conversion to an exchange-traded fund (ETF). Concurrently, FTX’s bankruptcy estate completed a large sale of 22 million shares, accounting for a significant portion of the $2 billion in sales. GBTC has nearly $30 billion in assets after a decade of operations. However, its conversion to an ETF marked a watershed moment, resulting in increased competition from newly launched funds by financial behemoths such as BlackRock and Fidelity. Unlike its competitors, GBTC saw a significant withdrawal of investments, which many attributed to the trust’s relatively high

Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days.
4 months ago 1 min read

Grayscale Bitcoin Trust (GBTC) Sees Over $2 Billion Outflows in Just 5 Days Amid ETF Landscape Shift

According to recent data, Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days. Bloomberg ETF analyst Eric Balchunas reported the news, highlighting a significant shift in investor sentiment toward spot Bitcoin exchange-traded funds (ETFs). Furthermore, Grayscale Investments CEO Michael Sonnenshein said he was not surprised by the GBTC outflows. In an interview with Bloomberg, he emphasized that the company is more concerned with trading volumes. Sonnenshein defended GBTC’s 1.5% management fee, stating that it is reasonable given Grayscale’s “size, liquidity, and track record.” The increased outflows from GBTC do not necessarily indicate a decrease

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