More than $7 billion has now left Grayscale’s GBTC but there is still a whopping $23 billion in AUM.
Crypto asset manager Grayscale has continued to see a slowdown in outflows from its spot Bitcoin ETF fund — though observers believe there's still room for further bleeding.
According to data from Bianco Research and Farside, the total outflow of funds from Grayscale’s GBTC since it converted to a spot Bitcoin ETF reached $7 billion as of Feb. 16. However, while the rate of outflow has slowed considerably, observers including ETF Store President Nate Geraci says the bleeding may not be over.
He also believes that Grayscale may next launch a “mini-GBTC,” a separate and new spot Bitcoin ETF at a significantly lower fee.
