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Grayscale Bitcoin Trust (GBTC) has experienced significant outflows, with $150 million and $154.9 million in outflows reported. Meanwhile, BlackRock's Bitcoin ETF is rapidly gaining assets, nearing $18 billion. Fidelity's spot Bitcoin ETF saw a $123 million inflow, with VanEck CEO noting that 90% of spot Bitcoin ETF inflows are from retail investors.
The Greyscale Bitcoin Trust's outflows hit a new record low on Wednesday, three months after it was converted to a spot Bitcoin ETF. Has the selling stopped? Click to read: https://t.co/xj1JNpoxN4
Blackrock ETF vs. Grayscale ETF https://t.co/6oWGpJ4Flx
$IBIT is up over 50% and has taken in $15b in new cash in three months, both of those numbers are double any other BlackRock ETF and they have 421 of them. That is about as hot as the iron gets holmes. https://t.co/lY8jE6Yvl6