Michael Sonnenshein believes that outflows from Grayscale's bitcoin ETF are stabilizing, with selling related to bankrupt crypto companies like FTX mostly in the past.
GBTC experienced significant outflows post spot bitcoin ETF approvals due to higher fees compared to competitors; fee reduction is anticipated in the future.
GBTC has witnessed total outflows of $15 billion since the spot bitcoin ETF approvals, with daily outflows declining from $600 million to $155 million.
Grayscale did not offer immediate comments in response to inquiries regarding the outflows from GBTC shares.
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