Unprecedented Outflow Record Set by Grayscale Bitcoin Trust (GBTC): analysts ponder future implications

Quick Summary:

The Grayscale Bitcoin Trust (GBTC) has established a precedent of negative investor sentiments, which have been incredibly prolonged.

This 72-day stretch outlasts any world ETF fund streak in known history, Bloomberg’s Senior ETF Analyst Eric Balchunas confirms.

The unexpected outflows continued since the USA permitted the spot Bitcoin ETFs to launch on January 30, 2023.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: Bitcoin ETF Grayscale Bitcoin ETF Blackrock Bitcoin ETF 24/7 Cryptocurrency News Grayscale

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-26 @ 02:30:08 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20790141

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