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Grayscale Reports $20.4B Outflow from Spot Bitcoin and Ether ETFs

Grayscale Investments has reported significant outflows from its spot Bitcoin and Ether ETFs, totaling over $20 billion
By: DeepNewz • July 31, 2024

Grayscale Investments has reported significant outflows from its spot Bitcoin and Ether ETFs, totaling over $20.4 billion. The Grayscale Bitcoin Trust ETF (GBTC) alone has seen a reduction of $18.86 billion since January, averaging a daily loss of $137.7 million.

Meanwhile, the spot Ether fund experienced a $1.72 billion outflow in just five days. In contrast, competitors such as BlackRock and Fidelity have maintained positive balances. Despite the massive outflows, some analysts predict that the situation may stabilize soon.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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