Scale Plummets by Two-Thirds - This ETF Faces Massive Outflows.

Ritu77

However, companies like Bitwise, Franklin, and VanEck have not yet disclosed details of the ETF fund flows.

Meanwhile, on the other hand, the Grayscale Bitcoin Trust, with a high fee of 1.5%, experienced a net outflow of $478 million in the first two trading days. Analysts point out that the Grayscale Bitcoin Trust previously operated as a closed-end fund, and its trading price has long been below the net asset value of its underlying Bitcoin assets. Therefore, with the transition to an ETF, early investors are choosing to take profits, and the outflow of funds is considered reasonable.

JPMorgan had previously estimated that Grayscale Bitcoin Trust could face outflows of up to $3 billion after the conversion.

Iravan774

It won't always be favored indefinitely.

977Iti

It's regrettable that there has been a significant outflow.

Samiksha

It's indeed a substantial change, isn't it?