💰 Grayscale Bitcoin Trust sees $1.18 billion exodus amid spot ETF popularity
According to James Butterfill, analyst at CoinShares, net outflows have reached a staggering $424 million this week as investors increasingly opt for the more cost-efficient US funds. Since the launch of spot-based ETFs, Grayscale Bitcoin Trust (GBTC) has witnessed a significant trend reversal, with outflows totaling $1.18 billion.
