GBTC’s Closing NAV Discount and Steep Fees Trigger Outflows, ETF Analyst Expects ‘More Over Time’
Introduction Last week, the U.S. Securities and Exchange Commission (SEC) approved the launch of 11 different spot bitcoin exchange-traded funds (ETFs). These ETFs experienced a significant trading volume of $7.65 billion in their first two days on the market. While many of these new entrants saw strong inflows, Grayscale's GBTC witnessed notable outflows. This coincided […]