{"id":11074,"date":"2024-02-27T13:35:45","date_gmt":"2024-02-27T11:35:45","guid":{"rendered":"https:\/\/forklog.com\/en\/grayscale-bitcoin-etf-outflows-slow-down\/"},"modified":"2024-02-27T13:35:45","modified_gmt":"2024-02-27T11:35:45","slug":"grayscale-bitcoin-etf-outflows-slow-down","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscale-bitcoin-etf-outflows-slow-down\/","title":{"rendered":"Grayscale Bitcoin ETF Outflows Slow Down"},"content":{"rendered":"<p>As of February 26, the assets under management of the Grayscale Bitcoin Trust ETF (GBTC) amounted to $24.2 billion. Since its conversion into an exchange-traded fund, the structure has lost $7.5 billion in <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">[1\/3] Bitcoin ETF Flow \u2014 26th Feb 2024<\/p>\n<p>All data in. Strong day with $520m net inflow<\/p>\n<p>Total net inflow since 11th Jan is $6,030m. <a href=\"https:\/\/t.co\/Iz4khAzEev\">pic.twitter.com\/Iz4khAzEev<\/a><\/p>\n<p>\u2014 BitMEX Research (@BitMEXResearch) <a href=\"https:\/\/twitter.com\/BitMEXResearch\/status\/1762389668186710091?ref_src=twsrc%5Etfw\">February 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following its conversion to a spot Bitcoin ETF, outflows from GBTC persisted. However, in recent days they have slowed, amounting to $22.4 million as of February 26.<\/p>\n<p>Blockstream CEO Adam Back <a href=\"https:\/\/twitter.com\/adam3us\/status\/1762262375359525152\">wrote<\/a> that he is waiting for GBTC to signal an inflow of assets.<\/p>\n<p>According to Apollo Crypto&#8217;s Chief Investment Officer Henrik Andersson, this event will be a &#8220;mega signal&#8221; for the market.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">First time <a href=\"https:\/\/twitter.com\/search?q=%24GBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GBTC<\/a> post a black number will be a mega signal to the market. <a href=\"https:\/\/t.co\/LaRyaSU7WG\">https:\/\/t.co\/LaRyaSU7WG<\/a><\/p>\n<p>\u2014 Henrik Andersson (@phenrikand) <a href=\"https:\/\/twitter.com\/phenrikand\/status\/1762259947394621540?ref_src=twsrc%5Etfw\">February 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bloomberg analyst James Seyffart noted that the outflow from Grayscale&#8217;s Bitcoin fund on February 26 was at a record low <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since trading began on January 11<\/a>.<\/p>\n<p>Overall, nearly $520 million flowed into exchange-traded structures based on the spot price of cryptocurrency in a single day.<\/p>\n<p>In total, Bitcoin ETFs hold 123,729 BTC, which is approximately 6.3% of the total market supply of digital gold.<\/p>\n<p>Earlier, trading volume for GBTC&#8217;s competitors reached a peak of $2.4 billion since the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> approved the products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of February 26, the assets under management of the Grayscale Bitcoin Trust ETF (GBTC) amounted to $24.2 billion. Since its conversion into an exchange-traded fund, the structure has lost $7.5 billion in AUM. [1\/3] Bitcoin ETF Flow \u2014 26th Feb 2024 All data in. Strong day with $520m net inflow Total net inflow since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,943],"class_list":["post-11074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11074"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11073"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}