As the Bitcoin halving event approaches, Grayscale’s spot Bitcoin ETF (GBTC) has reported substantial capital withdrawals. In the past five days alone, investors have withdrawn $89.9 million, a net outflow of $1.6 billion since January. This is indicative of growing investor sentiment in the broader market.
However, despite having the first-mover advantage in the Bitcoin ETFs space, Grayscale’s dominance appears to have dwindled. Other new contributors, such as BlackRock and Fidelity, started to capture significant market shares. To illustrate, during the same week, $37.3 million and $18.7 million of net inflows were captured by Fidelity FBTC and BlackRock’s IBIT, solving some liquidity challenges the broader market was facing.
Grayscale GBTC Faces $1.6 Billion Outflows
GBTC is also an exception among leading spot Bitcoin ETF competitors. According to the charts, April 18 brought rare-week outflows to BlackRock, trailing more than $17 billion from investors. As a result, Grayscal
We współpracy z: https://coingape.com/grayscale-bitcoin-etf-faces-1-6b-outflows-as-bitcoin-halving-nears/
