Grayscale

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

March 14, 2024 1 min read

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

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

January 30, 2024 1 min read

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

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

January 23, 2024 1 min read

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

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

January 22, 2024 1 min read

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