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