Grayscale Bitcoin Trust (GBTC) has seen significant outflows of $21 billion since its launch in January 2024. Meanwhile, the broader spot Bitcoin ETF market has attracted over $35.5 billion in investments within the same period. This divergence highlights investors’ shifting preferences toward newer, more regulated Bitcoin ETF (exchange-traded funds).
GBTC Faces $21 Billion Loss in Outflows as Bitcoin ETFs Strengthen
Over the past 11 months, GBTC has seen daily outflows averaging $89.9 million, leading to $21.045 billion in losses.
While the first U.S. spot Bitcoin ETF to launch, it is the only one that has generated negative investor flows. Other spots, Bitcoin ETFs collectively attracted $20.737 billion in positive investment, apparently changing investor confidence.
Nine bitcoin ETFs are competing with each other and gaining market traction, and they are all alternatives to GBTC.
Thanks to funding from Fidelity, ARK, Invesco, and more, many of these funds have taken
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