Ginger X
@ledungbuild
📉💸 Grayscale Outflows Surge to $7 Billion, Signs of Slowing 🐌 Grayscale's Spot Bitcoin ETF, GBTC, has witnessed massive outflows 🌊 of over $7 billion, yet it still boasts a hefty treasure chest 🏦 of $23 billion in assets.
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Ginger X
@ledungbuild
Although the bleeding has slowed, experts like Nate Geraci, President of ETF Store, brace for possible further dips 📉. A staggering $5.64 billion exited GBTC in January alone, with February seeing a somewhat lighter drain 💼 of $1.37 billion so far.
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