Gold

<a href="https://optimisus.com/news/crypto-news/grayscale-bitcoin-trust-gbtc-sees-over-2-billion-outflows-in-just-5-days-amid-etf-landscape-shift/" rel="noopener noreferrer nofollow">Grayscale's Bitcoin Trust (GBTC)</a> has just been removed $10.6 billion, resulting in the second-largest outflow in the ETF industry over the last 15 years.  
The change in investor preferences is seen in the Vanguard S&amp;P 500 ETF (VOO) taking the lead with over $258 billion in inflows, followed by the iShares Core S&amp;P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI).  
Plus, exchange-traded funds (ETFs) such as SPDR Gold Shares (GLD) and SPDR S&amp;P MidCap 400 ETF Trust (MDY) are experiencing significant withdrawals of funds.  
Furthermore, investors are reallocating their investments from gold exchange-traded funds (ETFs) to bitcoin ETFs and similar products, indicating that bitcoin may be emerging as a new kind of secure and stable asset.  
In addition, Grayscale is addressing these tendencies by introducing a new iteration of its GBTC product, called $BTC, that has reduced fees.  
This new fund enables investors to transition without paying taxes by means of a special payout. This approach emulates similar strategies used by other players in the market, such as BlackRock and the Gold MiniShares Trust (GLDM), by providing investment opportunities at a reduced cost. 
The post <a href="https://optimisus.com/news/crypto-news/grayscales-gbtc-sees-over-10b-outflow-marking-a-record-withdrawal/" rel="noopener noreferrer nofollow">Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal

Optimisus

Other articles published on Mar 14, 2024

SEC Charges 17 Individuals in CryptoFX Fraud Scheme

Ethereum stans are putting the Bee Movie on blobs for as little as $5

Craig Wright is Not Satoshi Nakamoto; U.K Judge Confirms in a Ruling

BlackRock Bitcoin Holdings At Par With MicroStrategy, 500 Days of Bitcoin Bull Run Loading

Ripple vs. SEC: New Briefing Deadlines Set the Stage for Next Legal Showdown

Who Is Satoshi Nakamoto? Court Rejects Craig Wright's Claim To Be Bitcoin's Inventor

Join our free newsletter for daily crypto updates!