Grayscale Records Over $20B Outflows from Bitcoin and Ether ETFs

The post Grayscale Records Over $20B Outflows from Bitcoin and Ether ETFs appeared first on Coinpedia Fintech News

Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether ETFs combined. The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of approximately $137.7 million daily in almost seven months since its launch. As of July 29, GBTC recorded total outflows of $18.86 billion. In contrast, all other nine spot Bitcoin ETFs maintain a positive balance. BlackRock’s iShares Bitcoin Trust (IBIT) tops the leaderboard with the highest investment. The Ether fund lost $1.72 billion in five days, bringing Grayscale’s total crypto ETF outflows to $20.58 billion.