Grayscale Investments’ Bitcoin Trust (GBTC) is experiencing significant outflows, with over $20 billion withdrawn since its conversion to an exchange-traded fund (ETF) in January, according to data from Farside Investors. However, the pace of outflows has slowed compared to earlier this year, with the first $10 billion withdrawn within two months and the subsequent $10 billion taking over six months. The fund’s Bitcoin holdings have decreased to approximately 222,170 BTC, valued at around $12.8 billion. Meanwhile, other US spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity, Franklin Templeton, and VanEck, reported positive inflows on Monday. Grayscale’s low-cost Bitcoin ETF also attracted some inflows, while others reported zero flows.
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Grayscale Bitcoin ETF surpasses $20B net outflows
