Grayscale’s Bitcoin ETF experienced significant outflows days after attracting $66.9 million in a few days.
Grayscale's Bitcoin ETF saw substantial investment outflows that surpassed the $66.9 million it had attracted just a few days earlier.
GBTC recorded outflows worth $28.6 million and $43.4 million on May 7 and 9, respectively — essentially undoing the investments it had recently brought in. On both days, Grayscale was the only Bitcoin ETF issuer to report outflows. On average, the Grayscale Bitcoin Trust lost $211 million every day since launch. However, contributions from other participants keep the net balance at a positive $11.7 billion.
Other prominent issuers include Fidelity Wise Origin Bitcoin Fund , Bitwise Bitcoin ETF and Cathie Wood’s ARK 21Shares Bitcoin ETF , which currently sport net inflows of $8.1 billion, $1.7 billion and $2.2, respectively.retail sector brings in 90% of Bitcoin ETF inflows
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