CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Cryptopolitan 2024-01-13 18:22:25

Grayscale’s GBTC sees outflows as new Bitcoin ETFs attract inflows

In a significant turn of events in the cryptocurrency market, Grayscale’s Bitcoin Trust (GBTC) has experienced a substantial outflow of $579 million in the initial days following the opening of redemptions, which was made possible after the U.S. Securities and Exchange Commission (SEC) approved Bitcoin exchange-traded funds (ETFs). In contrast, the newly launched spot Bitcoin

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.