Grayscale Bitcoin Trust Faces Continued Withdrawals as ETF Inflows Rise

Grayscale Investments’ Bitcoin Trust (GBTC) is still experiencing investor withdrawals, with an additional $20.8 million pulled out on Monday, as reported by Farside Investors.

Since converting to an exchange-traded fund (ETF) in January, the total net outflows have exceeded $20 billion.

Although the withdrawal rate has slowed, the first $10 billion was withdrawn within the initial two months, while the next $10 billion took over six months to leave the fund. GBTC continues to face pressure as its Bitcoin holdings have dropped to around 222,170 BTC, valued at roughly $12.8 billion.

In contrast to GBTC’s losses, the broader US spot Bitcoin ETF market remains stable, with $12.8 million in net capital flowing into these funds on Monday.

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BlackRock’s iShares Bitcoin Trust saw a revival in activity, gaining $15.8 million, while other major ETFs from Fidelity, Franklin Templeton, and VanEck each recorded about $5 million in inflows.

Grayscale’s own low-cost Bitcoin ETF saw modest gains, attracting $2.8 million by the day’s end, while other funds remained stagnant.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.