The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
More than $21 billion has been withdrawn from the Grayscale Bitcoin Trust (GBTC) since its launch on Jan. 11, 2024, making it the only spot Bitcoin exchange-traded fund (ETF) in the United States with a negative net investment flow.
As of Dec. 16, GBTC’s total outflows amounted to $21.045 billion as the trust continues to shed millions of dollars worth of investment daily. According to data from Farside Investors, GBTC has lost a daily average of approximately $89.9 million for over 11 months.
Spot Bitcoin ETF flow. Source: Farside Investors
