Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Submitted by Anonymous (not verified) on Wed, 01/24/2024 - 19:00Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week.
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.
Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.
FTX, a now-defunct crypto exchange, has reportedly sold off its stake in Grayscale Bitcoin Trust (GBTC).
After crypto exchange FTX and its trading arm Alameda Research filed for bankruptcy in November 2022, the failed company
CryptoQuant CEO has explained there is a delay between when Grayscale made Bitcoin outflows and when they made a disclosure.
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
Tk
BTC's price has fallen since bitcoin ETFs were approved.

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