📉 Bitcoin ETFs experience massive outflowsAfter five consecutive days of net outflows, there was only a positive turnaround last Friday with net inflows of $59.7 million.
The Grayscale Bitcoin Trust (GBTC) is losing significant market share, which has now dropped to 36.5%.
The high fees of 1.5% of GBTC could soon be a thing of the past, as Grayscale plans to introduce a Mini Bitcoin ETF with a significantly lower fee of only 0.15%.
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) were able to attract net inflows of $165.4 million and $93.6 million, respectively, despite the overall trend.
BlackRock increases its ETF market share to 32.7% with ownership of 273,000 BTC.
Despite a slight correction, Bitcoin ETFs still, or rather already, hold an impressive 4.24% of the total circulating supply of BTC.
👇Join channel👇
https://t.me/KryptoKompassDE
