Experts Predict When Grayscale’s Bitcoin ETF Outflows End? Experts Weigh In
Summary
- Grayscale Bitcoin ETF (GBTC) saw $515 million outflows on Tuesday, totaling $3.96 billion. - Blackrock, Fidelity, and Bitwise had significant inflows. - GBTC had 98,296 BTC outflow while all 10 ETFs had 21,362.5 BTC inflow. - Market absorbed a $1 billion sell-off by FTX but GBTC outflows continued. - Poll showed varied opinions on future GBTC outflows. - Only 42 trading days left until GBTC reaches 0 BTC if outflows continue. - Decrease in GBTC trading volume may signal a decrease in outflows. - Outflows primarily consist of short-term, weak holders, shifting market composition towards the "newborn 9". - BTC was trading at $40,066, below the key resistance zone at $40,200.
