Grayscale Bitcoin ETF Breaks Record With 72-Day Outflow Streak
The Grayscale Bitcoin Trust (GBTC) has broken an ETF record with its 72-day outflow streak. Indeed, the consecutive day’s mark has not been matched by any exchange-traded fund in history. Moreover, according to Bloomberg analyst Eric Balchunas, no ETF has ever come close to the mark. That record places Grayscale in rarified air as one of the most underperforming ETF products ever established. The investment vehicle has seen investors pull funds out of the offering consistently since its approval in January of this year. The record shows that it has observed outflows for more than 10 weeks. Source: embca.com Also Read: Grayscale CEO: Spot Ethereum ETF is a “Matter of When” Not If Grayscale Bitcoin Trust Breaks ETF Outflow Streak The digital asset industry had immensely high hopes for the market’s performance since the start of 2024. A significant part of that optimism was connected to anticipation regarding Spot Bitcoin ETF approvals. The investment products we...