GBTC in all saw outflows of more than $2 billion since being converted into ETF, according to the report, which cited private data reviewed by CoinDesk and two people familiar with the matter. "Large capital markets ETFs are used in a variety of investing strategies, and we anticipate GBTC's diverse shareholder base will continue to deploy strategies that impact inflows and outflows," a Grayscale spokesperson said in an emailed statement to Reuters.
FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX s GBTC ownership down to zero, CoinDesk reported on Monday.
More than a week after the introduction of 11 spot-price Bitcoin ETFs, it's time to separate the wheat from the chaff and take action. And there will be much rejoicing.