Grayscale Bitcoin ETF surpasses $20B net outflows
Key Takeaways
- GBTC's total net outflows have surpassed $20 billion since its ETF conversion.
- BlackRock's iShares Bitcoin Trust saw a resurgence in inflows, collecting $15.8 million.
Grayscale Investments’ Bitcoin Trust (GBTC) continues to face investor redemptions, with another $20.8 million withdrawn on Monday, according to data tracked by Farside Investors. This brings the total net outflows since its exchange-traded fund (ETF) conversion in January to over $20 billion.

The pace of outflows has slowed compared to earlier this year. Data reveals that the first $10 billion was withdrawn within two months of its ETF conversion, while the subsequent $10 billion took over six months.
However, GBTC remains under pressure as investors continue to exit positions . The fund’s Bitcoin holdings have decreased to approximately 222,170, valued at around $12.8 billion, data shows.
Despite GBTC’s losses, the US spot Bitcoin ETF market as a whole remains positive. On Monday, these ETFs collectively attracted $12.8 million in net capital.
BlackRock’s iShares Bitcoin Trust (IBIT) saw a resurgence of inflows after a period of stagnation , taking in $15.8 million. Other prominent Bitcoin ETFs managed by Fidelity, Franklin Templeton, and VanEck reported inflows of around $5 million each.
Grayscale’s low-cost Bitcoin ETF also managed to attract some inflows, ending the day with $2.8 million. The rest reported zero flows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators
In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.

Massive OM Token Burn Sparks Investor Debate and Market Tension
In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.

Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Elon Musk Takes Dig at Crypto Scammers Posing as “Hot Girls”
Trending news
MoreCrypto prices
More








