Posted 1/16/2024, 7:19:45 PM
Grayscale Loses Dominance as Investors Flock to Cheaper Bitcoin ETF Rivals
- Investors have pulled $579 million from Grayscale Bitcoin Trust since its ETF conversion
- Grayscale's Bitcoin ETF seeing outflows while other spot Bitcoin ETFs taking in money
- Grayscale has dominated Bitcoin investment market for years, now seeing rotation into new products
- Grayscale's 1.5% expense ratio much higher than competitors', making it less attractive
- Despite outflows from Grayscale, overall strong inflows into new spot Bitcoin ETFs show investor demand