Captured By Tracy D'souza / 4:45 pm on 18 January 2024
Grayscale, a prominent American digital asset management company has encountered substantial outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Many expert analysts attribute the outflows to factors such as elevated trading fees and potential accounting irregularities. Despite obtaining approval for its Spot Bitcoin ETF from the United States Securities and Exchange Commission (SEC), Grayscale has faced challenges. After witnessing steady inflows following the ETF’s approval, recent reports indicate a staggering outflow of approximately $594 million from Grayscale’s GBTC.
