Week Of Withdrawals: Crypto Funds Lose $500M As Grayscale’s Outflow Wanes
Submitted by Anonymous (not verified) on Mon, 01/29/2024 - 20:30The crypto market, particularly Bitcoin, has recently experienced significant outflows.
The crypto market, particularly Bitcoin, has recently experienced significant outflows.
Outflows from Grayscale's GBTC now total $5 billion, but appear to be subsiding, CoinShares head of research James Butterfill noted.

The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened fo
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in
The CEO of the on-chain analytics firm CryptoQuant has suggested that Grayscale’s recent Bitcoin selling may not be behind the latest downtrend.
Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week.
Outflows from the Grayscale Bitcoin ETF (GBTC) continue to be the dominant story of the market. The numbers of outflows continue to be enormous.

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