Gold

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Grayscale's Bitcoin Trust (GBTC) is nearing a record outflow, according to recent <a href="https://twitter.com/EricBalchunas/status/1767628032850768237">data</a>.&nbsp;
With a significant $10.6 billion outflow, it is the second-largest in cumulative outflows among Exchange Traded Funds (ETFs) over the past 15 years.&nbsp;
It is trailing only behind the iShares MSCI Emerging Markets ETF (EEM), which has seen an outflow of $12.3 billion.
<h2 id="largest-inflows-and-outflows">Largest inflows and outflows&nbsp;</h2>
Vanguard's S&amp;P 500 ETF (VOO) leads the inflow chart with $258.6 billion, followed closely by iShares Core S&amp;P 500 ETF (IVV) and Vanguard Total Stock Market ETF (VTI), indicating a strong investor preference for traditional equity assets.&nbsp;
On the other end of the spectrum, alongside GBTC, ETFs such as SPDR Gold Shares (GLD) and SPDR S&amp;P MidCap 400 ETF Trust (MDY) are experiencing the largest outflows.
Gold ETFs are seeing net outflows as investments flow into bitcoin ETFs and exchange-traded products. With bitcoin's recent price surge and the rising inflows into bitcoin-related funds, analysts suggest that the cryptocurrency could be on track to <a href="https://u.today/sorry-gold-bugs-cnbcs-jim-cramer-says-its-all-going-to-crypto">challenge</a> gold's long-held status as the primary safe-haven asset. Despite the current trend, gold ETFs still hold a significantly larger market capitalization compared to bitcoin's combined ETP and ETF market cap&nbsp;
<h2 id="grayscale-s-strategic-response">Grayscale's strategic response&nbsp;</h2>
In a strategic move, Grayscale is launching a "mini-me" low-fee version of its GBTC product, labeled $BTC.&nbsp;
Investors in the original <a href="https://u.today/ark-invest-exits-gbtc-completely-before-bitcoin-etf-goes-live">GBTC</a> will have the opportunity to move into the new fund without a tax hit through a special dividend, a move that market analysts had predicted and see as a "no-brainer."&nbsp;
The new fund is expected to have a lower fee, and its approval is pending by the Securities and Exchange Commission (SEC).&nbsp;
This introduction of a lower-cost alternative mirrors the approach taken by other entities such as BlackRock with their mini-fund IEMG, and the Gold MiniShares Trust (GLDM). It aims to to provide more cost-effective investment options to clients.

Grayscale's GBTC Nears Outflow Record

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