Outflows of approximately $95 million on the first day of GBTC conversion to ETF
2024/01/12 18:25
Data released by Bloomberg analyst James Seyffart indicates that the outflows on the first trading day after the conversion of GBTC to a spot ETF amounted to approximately $95 million. The analyst stated, "This flow represents only a small portion of GBTC, and in my view, it means yesterday was a huge success." Market data shows that the total assets under management for GBTC are approximately $26.5 billion.
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