Grayscale’s Bitcoin ETF Exodus Reaches $7.4 Billion in First 30 Trading Days
- GBTC’s 2024 outflow is second-largest among US-listed ETFs
- Other spot Bitcoin ETFs have posted net inflows since launch
Grayscale Bitcoin Trust ETF signage on the floor of the New York Stock Exchange in January.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The world’s biggest Bitcoin ETF has reached an inauspicious milestone: an entire month of consecutive outflows.
The $24.2 billion Grayscale Bitcoin Trust (ticker GBTC) has seen $7.4 billion exit across 31 trading days as of Monday, Bloomberg data show. GBTC has yet to post a single inflow since it converted into an ETF in mid-January.