Grayscale Bitcoin ETF Records Historic Outflows During Bitcoin Decline
Tuesday, 19 March 2024, 22:59
Bitcoin Decline Sparks Record Outflows
A selloff in bitcoin continued on Tuesday, accompanied by record outflows from Grayscale’s Bitcoin Trust, accelerating the asset losses by the fund since it converted into an exchange traded fund this year.
Grayscale's ETF Daily Outflows Reach $642.5 Million
Grayscale’s ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%.
- Record outflows impacting Grayscale's fund
- New spot bitcoin ETFs attract inflows
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