The volume of Bitcoins managed by Grayscale Bitcoin Trust has decreased by almost 50% since the conversion to a spot ETF. Grayscale has seen significant net outflows, with Blackrock adding to its Bitcoin holdings. Blackrock's IBIT ETF is closing in on Grayscale's GBTC, with potential to become the largest spot Bitcoin ETF. ETFs, including Grayscale, have experienced notable outflows, with Blackrock showing consistent net inflows.
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Decrypt
The Ark 21 Shares Bitcoin ETF (ARKB) has seen two straight days of outflows amounting to $55 million. That's the first time it's seen two days in the red since the start of the month. Read more: https://t.co/0OKJSKjEWg
Cointelegraph Despite a slowdown in daily inflows, @BlackRock’s IBIT ETF is closing in on @Grayscale’s GBTC. https://t.co/3mTGDvAlck
SolanaFloor NEWS: #Bitcoin ETF Wars: BlackRock's $IBIT Set to Dethrone Grayscale's $GBTC https://t.co/NQt3HliETI
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