GBTC 12th day net outflows slow as Bitwise BTC Spot ETF AUM tops $600 million
The Grayscale GBTC ETF saw net outflows of $192 million on its 12th trading day. This marks the lowest daily net outflow since the ETF was launched. "GBTC ETF outflows have been slowing over time," said Bloomberg analyst James Seifat. Meanwhile, Hunter Horsley, CEO of crypto asset manager Bitwise...
The Grayscale GBTC ETF saw net outflows of $192 million on its 12th trading day. This marks the lowest daily net outflow since the ETF was launched. "GBTC ETF outflows have been slowing over time," said Bloomberg analyst James Seifat. Meanwhile, Hunter Horsley, CEO of crypto asset manager Bitwise Asset Management, told X that the Bitwise BTC Spot ETF (BITB) has surpassed $600 million in assets under management (AUM) after 12 trading days. In addition, bitcoin whales, including institutions, reportedly bought $6 billion of BTC during the last short-term dip.
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