Outflows of approximately $95 million on the first day of GBTC conversion to ETF
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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