Since Grayscale launched Bitcoin Trust (GBTC) saw over $11 billion withdrawn from it on January 2024, 21. As a result, GBTC became the only US spot bitcoin ETF with a negative net investment inflow.
As of December 16, total outflows from GBTC amounted to $21,045 billion, and spot Bitcoin - the fund continues to lose millions of dollars in investments every day.
According to analytics platform Farside Investors, the Bitcoin-based ETF Grayscale Bitcoin Trust has lost an average of $89,9 million daily over the past 11 months.
The outflow of funds from GBTC has already significantly exceeded the investments attracted by other US Bitcoin -funds. So, nine spot ETF from issuers Fidelity, Bitwise, ARK and 21Shares, Invesco Galaxy, Franklin, Valkyrie, VanEck, WisdomTree and Grayscale collectively raised $20,737 billion.
The leader in terms of inflow of funds was the largest spot bitcoin ETF iShares Bitcoin Trust (IBIT) from BlackRock, which has raised more than $35,883 billion since its launch.
Despite Billions of Dollars Leaving Grayscale Bitcoin Trust, in less than a year the total volume of investments in the spot market bitcoin ETF reached $35,5 billion.
