Grayscale CEO: GBTC outflows have reached balance
According to a report from Jinse Finance, Michael Sonnenshein, CEO of digital asset investment management company Grayscale, expects the outflow of funds from the company's Bitcoin exchange-traded fund (ETF) to have reached a balance. Sonnenshein stated that some of the sell-offs related to settlements with bankrupt cryptocurrency companies such as FTX "have basically passed."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network Sponsors Consensus 2025, Anticipated Market Impact
DeFi Development Corp. Plans $1B Solana Investment
Altcoin Market Cap Breaks Out, Eyes $1.27 Trillion Target
North American Firms Increase Solana Holdings for Treasury Strategies
Trending news
MoreCrypto prices
More
