Can Grayscale Recover? 😬 Grayscale's Bitcoin ETF (#GBTC )

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Can Grayscale Recover? 😬 Grayscale's Bitcoin ETF (#GBTC ) is losing investors' money fast! Over $16.2 billion has flowed out since January, with daily outflows ranging from $75 million to $300 million. This is despite a recent surge in #Bitcoin ETFs overall. The culprit? Likely GBTC's high 1.5% management fee compared to competitors' 0.3% average. Grayscale CEO remains #optimistic , but outflows continue. Can they adapt or will they lose their lead? #Binance #crypto2024

Can Grayscale Recover? 😬
Grayscale's Bitcoin ETF (#GBTC  ) is losing investors' money fast! Over $16.2 billion has flowed out since January, with daily outflows ranging from $75 million to $300 million.
This is despite a recent surge in #Bitcoin  ETFs overall. The culprit? Likely GBTC's high 1.5% management fee compared to competitors' 0.3% average.
Grayscale CEO remains #optimistic  , but outflows continue. Can they adapt or will they lose their lead?
#Binance  
#crypto2024   