Grayscale's BTC and ETH ETFs face significant outflows, while other approved ETF participants maintain a positive balance.
Asset management firm Grayscale Investments recorded over $20.4 billion in outflows from its spot Bitcoin and Ether exchange-traded funds (ETFs) combined.
The Grayscale Bitcoin (BTC) Trust ETF (GBTC) has lost an average of approximately 137.7 million daily in almost seven months since its launch on Jan. 11. As of July 29, GBTC recorded a total outflow of $18.86 billion.
In contrast, all other nine Bitcoin ETFs that were simultaneously approved in the United States maintain a positive balance, as shown below.
