Bitcoin

Grayscale Bitcoin Trust

<ul class="news-points"> 
 <li>Grayscale saw over $600 million leave its spot BTC ETF on February 29.&nbsp;</li> 
 <li>The total outflow from GBTC has been $8.4 billion since January 11.&nbsp;</li> 
 <li>Grayscale has urged the SEC to greenlight options on its spot BTC ETF.</li> 
</ul> 
Grayscale, a leading digital asset management firm, has witnessed another day of significant outflows from its spot <a href="https://coinedition.com/tag/Bitcoin-ETF/">Bitcoin exchange-traded fund (ETF)</a>, with over $600 million going out from its Grayscale Bitcoin Trust (GBTC).&nbsp;&nbsp; 
According to the <a href="https://twitter.com/FarsideUK/status/1763351311397933082" target="_blank" rel="nofollow">data</a> from Farside Investors, Grayscale saw $600 million leave GBTC on February 29. Its total outflow is around $8.4 billion since the first trading day on January 11.&nbsp; 
Meanwhile, on the same day, the other ETFs <a href="https://twitter.com/lookonchain/status/1763224838385344629" target="_blank" rel="nofollow">recorded</a> significant inflows, with 8 ETFs adding 14,934 BTC worth $940 million. The iShares Bitcoin Trust (IBIT) by BlackRock, the world’s largest asset management firm, added 10,140 BTC worth $638 million, followed by Fidelity’s FBTC adding 4,066 BTC worth $255.9 million. 
As reported earlier, spot BTC ETFs saw a<a href="https://coinedition.com/us-bitcoin-etfs-smash-records-with-7-69-billion-in-trading-volumes/"> whopping $7.69 billion</a> being traded on Wednesday, breaking their volume record by over one and a half times.&nbsp; 
It i…
The post <a href="https://coinedition.com/grayscale-outflows-remain-high-wants-sec-to-approve-options-on-gbtc/">Grayscale Outflows Remain High, Wants SEC To Approve Options on GBTC</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Grayscale Outflows Remain High, Wants SEC To Approve Options on GBTC

Coin Edition

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