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Grayscale Bitcoin ETF Faces $1.6B Outflows as Bitcoin Halving Nears

Grayscale Bitcoin ETF Faces $1.6B Outflows as Bitcoin Halving Nears


CoinGape
2024-04-20 00:34:32

As the Bitcoin halving event approaches, Grayscale’s spot Bitcoin ETF (GBTC) has reported substantial capital withdrawals. In the past five days alone, investors have withdrawn $89.9 million, a net outflow of $1.6 billion since January. This is indicative of growing investor sentiment in the broader market. However, despite having the first-mover advantage in the Bitcoin The post Grayscale Bitcoin ETF Faces $1.6B Outflows as Bitcoin Halving Nears appeared first on CoinGape .


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