Grayscale Reports Significant Outflows in Bitcoin and Ethereum ETFs

8/16/2024 4:36:47 PM

According to @lookonchain, as of August 16, there have been significant outflows in both Bitcoin and Ethereum ETFs. Bitcoin ETFs saw a net outflow of 583 BTC, equivalent to $33.92 million. Grayscale's Bitcoin Trust (GBTC) experienced an outflow of 975 BTC, worth $56.72 million, and currently holds 230,878 BTC, valued at $13.43 billion. Similarly, Ethereum ETFs had a net outflow of 4,476 ETH, amounting to $11.52 million. Grayscale's Ethereum Trust (ETHE) reported an outflow of 6,478 ETH, worth $16.67 million, and now holds 1,892,167 ETH. (Source)

Bitcoin Ethereum ETH BTC Grayscale GBTC ETHE

More from Lookonchain (@lookonchain): Looking for smartmoney onchain

---