Grayscale, the company that managed to convert GBTC shares into an ETF after the Bitcoin spot ETFs were accepted on January 10, saw its lowest sales since January 11 on Friday. There was a net outflow of $44 million from Grayscale.
On the previous trading day, Thursday, this figure was again at the second lowest outflow level with $55 million.
While there has been a net outflow of $7.4 billion from Grayscale so far, the company still has $22 billion worth of Bitcoin.
As it is known, most of the Bitcoin sales in Grayscale came from the $1.5 billion sale made by the FTX bankruptcy management, with the profit realized by investors who bought GBTC shares at a discounted price. Finally, the bankruptcy management of the Genesis company also received approval from the court for the sale of GBTC worth more than 1 billion dollars.
On the other hand, on February 23, Bitcoin ETFs received a net investment of $ 232 million. $167 million of this went to BlackRock, and $50 million went to Fidelity.
It was published:
Source: https://uzmancoin.com/grayscale-bitcoin-kripto-etf-gbtc/
