top of page
  • A.R.T Digital Team

GBTC Sheds Assets as Rival Bitcoin ETFs Add Investors


bitcoin

This week has continued the dueling spot bitcoin ETF narratives of Grayscale GBTC shedding assets at a fast clip but inflows to nine other products rising.


Tuesday outflows of $515 million brought this week’s total to over $1.15 billion. The Grayscale Bitcoin Trust ETF (GBTC) has lost nearly $4 billion in assets in the eight trading days since the Securities and Exchange Commission approved the new products. Its rivals gained $409 million in assets on Tuesday to raise their weekly inflows to $963 million. They have received nearly $5 billion in inflows since their Jan. 11 unveilings. Wednesday totals were unavailable at the time of publication.


Source - Yahoo Finance

Comments


bottom of page