Historically, GBTC has held a dominant position as the go-to conventional investment avenue for individuals seeking exposure to Bitcoin (BTC) without directly engaging in cryptocurrency purchases. However, the tide turned in January with the emergence of nine rival spot Bitcoin ETFs alongside GBTC’s conversion into a more accessible ETF.

This move towards ease of trading was coupled with a stark realization among investors regarding GBTC’s comparatively higher fees, prompting significant capital outflows from the trust.&middot

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