Grayscale CEO Updates on Bitcoin ETF Outflows Equilibrium
Wednesday, 10 April 2024, 10:16
Grayscale CEO Updates on Bitcoin ETF Outflows Equilibrium
In a recent interview with Reuters, Grayscale CEO Michael Sonnenshein provided insights on the current state of Bitcoin ETF outflows.
Key Points:
- The outflows from Bitcoin ETFs are stabilizing and returning to a more balanced level.
- Sonnenshein noted that the selling pressure from settlements linked to bankrupt crypto firms, including FTX, has largely subsided.
This update suggests a more sustainable market environment for Bitcoin-related investments going forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.