Grayscale’s Bitcoin ETF which was once the talk of the town recorded a massive outflow of $579 million from that particular investment option while other spot Bitcoin ETF products attracted inflow to an approximate sum of nearly $819.
This difference implies a reconsideration of the Grayscale’s performance after the historic decision by the SEC.
Analysts projected more than a billion in outflows seems to be buckling down, probably due to Grayscale having the highest expense ratio among all its rivals at 1.5%.
On the other hand, ETFs such as BlackRock’s IBIT and Fidelity’s FBTC with relatively cheaper fees earned a significant amount of flows.
Also Read: Grayscale’s 11,000 BTC Sale Ripples Through Crypto
