Grayscale’s GBTC Profit Taking Eases, Bitcoin Selling Pressure

Grayscale Bitcoin Trust Faces Capital Outflows as New Spot Bitcoin ETFs Gain Popularity

The current trend of investors moving their assets from Grayscale Bitcoin Trust (GBTC) to newly created spot Bitcoin exchange-traded funds (ETFs) is causing significant capital outflows. Recent estimates from the bank suggest that approximately $1.3 billion has been transferred from GBTC to these lower-cost alternatives. This translates to a staggering monthly outflow of $3 billion, signaling a potential threat to GBTC’s dominance in the Bitcoin investment landscape.