Grayscale's Bitcoin and Ether ETFs Drop $20B

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Grayscale’s spot BTC and ETH ETFs face significant outflows, while other approved ETF participants maintain a positive balance.

Asset management firm Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether exchange-traded funds (ETFs) combined.

The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of approximately $137.7 million daily in almost seven months since its launch on Jan. 11. As of July 29, GBTC recorded total outflows of $18.86 billion.



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