Research Weekly - Have GBTC Redemptions Peaked?

March 05, 2024

IN TODAY'S ISSUE:Inflows to the spot ETF complex turn to outflows as GBTC redemptions, which have now hit $4.8B, overwhelm demand for the challenger funds. For a more real-time view of potential GBTC redemptions, we suggest investors look at specific trading metrics. Leading the way has been the Grayscale Bitcoin Trust (GBTC), which has now processed $4.8B of redemptions. Since the start of trading for the spot ETFs (and conversion of GBTC into an ETF), investors have redeemed $4.8B out of GBTC. When do the GBTC outflows stop?

The source of this news is from NYDIG