Significant Outflow from Bitcoin ETF: GBTC Reports $32.3 Million Withdrawal | Flash News Detail | Blockchain.News

Significant Outflow from Bitcoin ETF: GBTC Reports $32.3 Million Withdrawal

12/6/2024 10:59:52 PM

Significant Outflow from Bitcoin ETF: GBTC Reports $32.3 Million Withdrawal

According to Farside Investors, the Bitcoin ETF, specifically the Grayscale Bitcoin Trust (GBTC), has experienced a substantial outflow of $32.3 million. This indicates a decrease in investor interest or confidence in this particular investment vehicle. Such a significant withdrawal could potentially impact the market perception of Bitcoin ETFs and influence trading strategies. (Source)

Bitcoin ETF GBTC Grayscale Bitcoin Trust

More from Farside Investors (@FarsideUK): Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.