I believe there might be a misunderstanding in your inquiry. The news you’re mentioning seems unusual because Grayscale Bitcoin Trust (GBTC) – one among the largest digital asset managers, typically sees inflows rather than large-scale outflows.
It’s important to note, GBTC operates somewhat differently than other investment avenues. As it’s a trust, it doesn’t operate like an ETF where investors can simply buy and sell shares freely. Instead, investors in the Grayscale Bitcoin Trust must endure a ‘lockup’ period where their shares are not able to be sold. Only after this period expired, shares can be sold.
Further, it’s important to differentiate between an ‘outflow’ from Grayscale Bitcoin Trust’s AUM (assets under management) and a decrease in GBTC’s premium. A large decrease in the premium Grayscale Bitcoin Trust trades at could also result in a reduction of the AUM but is not the same as an outflow.
Without additional context or specific data, it
Bloomberg Data: Grayscale Bitcoin Trust (GBTC) Saw $7.4 Billion in Outflows over First 31 Trading Days
I believe there might be a misunderstanding in your inquiry. The news you’re mentioning seems unusual because Grayscale Bitcoin Trust (GBTC) – one among the largest digital asset managers, typically sees inflows rather than large-scale outflows.
It’s important to note, GBTC operates somewhat differently than other investment avenues. As it’s a trust, it doesn’t operate like an ETF where investors can simply buy and sell shares freely. Instead, investors in the Grayscale Bitcoin Trust must endure a ‘lockup’ period where their shares are not able to be sold. Only after this period expired, shares can be sold.
Further, it’s important to differentiate between an ‘outflow’ from Grayscale Bitcoin Trust’s AUM (assets under management) and a decrease in GBTC’s premium. A large decrease in the premium Grayscale Bitcoin Trust trades at could also result in a reduction of the AUM but is not the same as an outflow.
Without additional context or specific data, it
