GBTC Falters as Investors Flock to Lower-Fee Spot Bitcoin ETF Rivals

Investors pouring money into spot Bitcoin ETFs, but GBTC underperforming due to high 1.5% fees
GBTC seeing consistent outflows totaling $14 billion over past weeks while other ETFs see big inflows
BlackRock, Fidelity, ARK 21Shares, and Bitwise ETFs seeing billions in inflows, overshadowed by GBTC
GBTC was early Bitcoin fund but didn't convert to ETF smoothly; other new ETFs have waived fees
If GBTC continues struggling, could have ripple effect on success of spot BTC ETFs and wider crypto market