Grayscale’s Bitcoin ETF had $358.8 million in outflows on March 21 but analysts think it should be stemmed soon.
It’s been another big day of outflows from Grayscale’s Bitcoin ETF, but ETF analyst Eric Balchunas believes they will taper off soon.) exchange-traded fund has notched another day of high outflows as nearly $359 million exited the fund on March 21, but analysts think the exodus could soon be coming to an end.
The Grayscale Bitcoin Trust’s March 21 net outflows of $358.8 million follows a massive week of outflows, with its $642 million on March 18 being the largest day on record, per Farside InvestorsThe latest figures bring this week’s total outflows for GBTC to $1.8 billion and marks the fourth consecutive day of net outflows across all 10 Bitcoin ETFs.
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