Bitcoin ETF Outflows: Investors' Strong Hands Amidst Record Net Outflows
TL;DR Summary
Grayscale's Bitcoin Trust (GBTC) is projected to deplete its Bitcoin reserves within the next 96 days due to consistent outflows, with its balance dropping by 266,470 BTC since January. The outflows are attributed to profit-taking investors, arbitragers, and high fees. Grayscale's CEO acknowledged the anticipated outflows and mentioned plans to introduce a mini fund and reduce the 1.5% fee to counteract the trend.
- Why Grayscale's Bitcoin ETF Will Run Dry of BTC in 96 Days BeInCrypto
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- Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue CoinDesk
- Bitcoin ETF net outflows streak hits four days, $836 million Blockworks
- ETF Investors Are the Strong Hands After Gobbling Up BTC Amid Recent Sell-Off: Bloomberg Analyst The Daily Hodl
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