Why does grayscale GBTC continue to flow out?
GBTC outflows have put negative pressure on Bitcoin’s price and market, but are also affected by other factors, such as U.S. regulation, Bitcoin competitors, etc.
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GBTC outflows have put negative pressure on Bitcoin’s price and market, but are also affected by other factors, such as U.S. regulation, Bitcoin competitors, etc.
Grayscale's Bitcoin Trust (GBTC) experienced substantial outflows, notably transferring significant BTC amounts to Coinbase Prime, impacting Bitcoin's market dynamics. These movements, part of the ETF conversion, reflect a complex interplay between institutional decisions and cryptocurrency valuations.
Despite GBTC's significant outflows and concerns about market absorption, Bitcoin manages to maintain support at $40,000. The market remains uncertain, with conflicting forecasts from analysts and traders.
Understanding these spillovers in volatility is crucial for investors, risk managers, and policymakers.
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The discount brokerage has seen a sharp decline in crypto-related revenue over the past 12 months as retail investors exited the market.
The discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market.