Outflows of approximately $95 million on the first day of GBTC conversion to ETF
Data released by Bloomberg analyst James Seyffart indicates that the outflows on the first trading day after the conversion of GBTC to a spot ETF amounted to approximately $95 million. The analyst stated, "This flow represents only a small portion of GBTC, and in my view, it means yesterday was a huge success." Market data shows that the total assets under management for GBTC are approximately $26.5 billion.
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
Taraxa's TVL increased by 1169% in the past 7 days, ranking first
Vitalik: Predicting market risks is no higher than the stock market; critics' fears are exaggerated.
Maple Releases 2025 Year-End Letter: AUM Grows to $5 Billion, Target Revenue of $100 Million by 2026
Trending news
MoreCrypto prices
More
