Grayscale’s Bitcoin Spot ETF GTC Sees Net Outflow of $394 Million

Grayscale banner, a bitcoin at the background and a waterfall

According to a news article, Grayscale’s Bitcoin spot ETF GTC had a net outflow of $394 million on January 25, with a single-day trading volume of $502 million . Net outflows slowed slightly over 3 trading days ($429 million on January 24, $515 million on January 23, and $640 million on January 22) . Grayscale ETF’s cumulative net outflows have reached US$4.079 billion, and it still holds US$20.028 billion in net assets .

A Slow Down in Outflows

According to a news article, Grayscale’s Bitcoin spot ETF GTC had a net outflow of $394 million on January 25, with a single-day trading volume of $502 million . Net outflows slowed slightly over 3 trading days ($429 million on January 24, $515 million on January 23, and $640 million on January 22) . Grayscale ETF’s cumulative net outflows have reached US$4.079 billion, and it still holds US$20.028 billion in net assets .

Grayscale’s Bitcoin spot ETF GTC has been experiencing a decline in net inflows since the beginning of the year. The ETF saw a net outflow of $394 million on January 25, which is a significant drop from the previous day’s net outflow of $429 million . The outflows have slowed slightly over the past few days, but the trend is still negative. The ETF saw a net outflow of $515 million on January 23 and $640 million on January 22 .

The good news: GBTC outflows trending down. The bad news: so are the Nine’s. That leaves us with TOTAL ROLLING NET FLOWS of +$824m. Also $ARKB and $BITB crossing half a billion is remarkable. For any normal launch in first month that’s considered blockbuster-level success. https://t.co/jPtlxhMtwP

— Eric Balchunas (@EricBalchunas) January 25, 2024

The cumulative net outflows for Grayscale ETF have reached US$4.079 billion, which is a significant amount of money. Despite the outflows, the ETF still holds US$20.028 billion in net assets . This suggests that investors are still interested in the ETF, but they are taking a more cautious approach.

A Price Swing

The decline in net inflows for Grayscale’s Bitcoin spot ETF GTC is likely due to the recent volatility in the cryptocurrency market. Bitcoin and other cryptocurrencies have experienced significant price swings over the past few weeks, which has made investors more cautious. The outflows from the ETF suggest that investors are taking profits and moving their money to other investments.

Grayscale’s Bitcoin spot ETF GTC has been experiencing a decline in net inflows since the beginning of the year. The ETF saw a net outflow of $394 million on January 25, which is a significant drop from the previous day’s net outflow of $429 million. The cumulative net outflows for Grayscale ETF have reached US$4.079 billion, but the ETF still holds US$20.028 billion in net assets. The decline in net inflows is likely due to the recent volatility in the cryptocurrency market.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.