Grayscale Investments lost $20.4 billion through outflows from its Bitcoin and Ethereum ETFs. The Grayscale Bitcoin Trust ETF (GBTC) saw average daily losses of $137.7 million over seven months after conversion from a close-ended fund.
BlackRock's iShares Bitcoin Trust (IBIT) holds $19.93 billion in Bitcoin assets, followed by Fidelity's Wise Origin Bitcoin Fund with $9.9 billion. Grayscale's Ethereum Trust lost $1.72 billion in five days, with derivatives losing a total of $20.58 billion.
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