The plan for a Mini Bitcoin ETF is expected to reduce Grayscale's outflows by 83%. Is Grayscale truly at a turning point?
Grayscale Bitcoin Trust (GBTC) sees sharp outflow decline after announcing mini Bitcoin ETF, instilling investor confidence.
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Grayscale Bitcoin Trust (GBTC) sees sharp outflow decline after announcing mini Bitcoin ETF, instilling investor confidence.
The rise in Bitcoin prices was directly caused by inflows into U.S.-listed spot Bitcoin ETFs, but marginal demand ultimately reflected investor interest in the Bitcoin asset as an alternative “store of value” and decentralized computing network.
GBTC is different from other Bitcoin ETFs because it existed as a Bitcoin investment fund before it became an ETF.
Grayscale Research’s analysis shows that traditional balanced portfolios can achieve higher risk-adjusted returns with a modest allocation to cryptocurrencies (approximately 5% of total financial assets).
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CEO Michael Sonnenshein said the firm’s European rollout would be done piecemeal due to various regulatory regimes and investor attitudes.