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  • A.R.T Digital Team

Grayscale bitcoin ETF selloff triggers crypto market speculation


bitcoin

A crypto markets analyst and policy advocate gathered to reflect on how GBTC outflows are impacting the bitcoin price and perception.


In a recent discussion hosted Roundtable anchor Rob Nelson, crypto market analysts focused on the first days of trading for newly-listed spot bitcoin exchange-traded funds (ETFs).


Collectively, these products have seen net inflows of $744 million in the first 10 days of trading, according to Bloomberg Intelligence analyst James Seyffart. But Grayscale's GBTC, which has converted from a trust to an ETF with its listing, has seen $4.8 billion in total outflows, dragging down the totals.


Source - The StreetCrypto

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