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Bitcoin ETF Outflows: Investors' Strong Hands Amidst Record Net Outflows

1 min read
Source: BeInCrypto
Bitcoin ETF Outflows: Investors' Strong Hands Amidst Record Net Outflows
Photo: BeInCrypto
TL;DR

Grayscale's Bitcoin Trust (GBTC) is projected to deplete its Bitcoin reserves within the next 96 days due to consistent outflows, with its balance dropping by 266,470 BTC since January. The outflows are attributed to profit-taking investors, arbitragers, and high fees. Grayscale's CEO acknowledged the anticipated outflows and mentioned plans to introduce a mini fund and reduce the 1.5% fee to counteract the trend.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#etf#gbtc#grayscale
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  1. Why Grayscale's Bitcoin ETF Will Run Dry of BTC in 96 Days  BeInCrypto
  2. Bitcoin ETFs see full week of net outflows, record low inflows for BlackRock, Fidelity  The Block
  3. Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue  CoinDesk
  4. Bitcoin ETF net outflows streak hits four days, $836 million  Blockworks
  5. ETF Investors Are the Strong Hands After Gobbling Up BTC Amid Recent Sell-Off: Bloomberg Analyst  The Daily Hodl

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