As the 3rd day of spot Bitcoin ETF trading ended, there was an outflow of $1.1 billion from the Grayscale ETF during this period.
US Securities and Exchange Commission (SEC), spot Bitcoin ETFs After approval, the products have been 3 day throughout traded. In this process, Grayscale converted the Grayscale Bitcoin Trust (GBTC) fund into a spot Bitcoin ETF. $1.1 billion There was an asset outflow.
According to analysts of the cryptocurrency exchange BitMEX, spot Bitcoin exceeded the total of ETFs on the third day. $41.1 million There was a clear outflow. Moreover 3rd trading day from GBTC yesterday 590 million As the dollar rises, every trading day serious sale printing took place.
Bloomerg ETF analyst James Seyyfart said on Twitter: in the statementHe said that it is normal to see an outflow from Bitcoin ETFs and Grayscale is leading the way.
Seyyfart also stated that there was a general inflow to other funds.
The outflows from Grayscale lasted for a long time. GBTC fund It is thought to be due to the loss of value and the buyers not being able to sell for 6 months. In addition, due to the closed premium rate, investors profit sale It is estimated that he did.