**Bitcoin ETF Market Sees Mixed Fortunes**

The Grayscale Bitcoin Trust (GBTC) has seen a staggering $21 billion withdrawn since its January 2024 launch, marking it as the only spot Bitcoin ETF in the U.S. with negative net flows. Data shows GBTC losing about $89.9 million daily over 11 months.

In contrast, other spot Bitcoin ETFs, like BlackRock's iShares Bitcoin Trust (IBIT), have bolstered the market, with IBIT alone drawing $35.883 billion. The overall spot Bitcoin ETF market has surged to $35.5 billion despite Grayscale's setbacks.

Similarly, Grayscale's Ethereum Trust ETF (ETHE) has lost $3.5 billion since July, while competitors like BlackRock's ETHA show positive inflows.