Grayscale's bitcoin ETF saw about $18 million in outflows, the lowest since its launch. This comes after the CEO mentioned reaching an equilibrium post selling activity related to bankrupt crypto firms like FTX.
Analysts attribute GBTC selling partly to Genesis selling shares amid bankruptcy. The product has lost $15 billion in bitcoin outflows since inception, experiencing consistent outflows weekly.
Grayscale's ETF charges the highest annual fees at 1.5%, compared to competitors such as Franklin Templeton's EZBC at 0.19%. Bitcoin is trading at $70,600, up 2.2% in the past 24 hours.
[
add
]
[
|
|
...
]