{"id":576873,"date":"2024-02-26T14:00:19","date_gmt":"2024-02-26T14:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=576873"},"modified":"2024-06-11T07:57:27","modified_gmt":"2024-06-11T07:57:27","slug":"bitcoin-spot-etf-grayscale-outflows","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/","title":{"rendered":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Outflows from Grayscale&#8217;s Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs. This comes as investor anxiety over Grayscale&#8217;s Spot ETF seems to finally be subsiding, with the entire ETF cohort continuing to attract huge trading volumes and rapid growth in assets under management. As a result, the GBTC saw daily outflows drop steadily over the course of the week to just $44.2 million on Friday, the lowest since <\/span><a href=\"https:\/\/uniquehot.com\/breaking-news-ticker\/breaking-sec-approves-all-11-spot-bitcoin-etfs-btc-price-holds-steady-at-46000\/\"><span style=\"font-weight: 400\">spot Bitcoin ETFs went live<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2>Outflows Drop As Grayscale&#8217;s BTC ETF Stabilizes<\/h2>\n<p><span style=\"font-weight: 400\">After several <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/grayscale-transfers-almost-12000-btc-to-coinbase-bitcoin-price-reacts\/\"><span style=\"font-weight: 400\">weeks of elevated outflows<\/span><\/a><span style=\"font-weight: 400\"> totaling over $7.44 billion, investors pulled just $436.2 million of Grayscale\u2019s Bitcoin Trust last week. Notably, the lowest daily outflow of $44.2 million came on the last day of the week.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana\/solana-100-day-ma-sol-price\/\">Solana Drops Below 100-Day MA On 4-Hour Chart, SOL Price In Danger?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Grayscale&#8217;s GBTC is undoubtedly the biggest Bitcoin ETF among its cohort. This is because GBTC was launched in 2013 as a Bitcoin trust available only in OTC markets., allowing it to grow over the years as it was the only go-to for investors looking to dive into the crypto industry.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, after a lengthy regulatory procedure, the SEC finally approved GBTC&#8217;s conversion into a Spot Bitcoin ETF. Consequently, Grayscale&#8217;s new Bitcoin ETF went live on January 11, along with nine other recently approved ETFs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">GBTC held around $27 billion worth of BTC assets when it first began trading as an exchange-traded fund (ETF). Surprisingly, Grayscale&#8217;s conversion into an ETF came along with a vast amount of <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/grayscale-bitcoin-etf-579-million\/\"><span style=\"font-weight: 400\">withdrawals from investors<\/span><\/a><span style=\"font-weight: 400\">, and by the <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-funds-lose-500m-as-grayscales-outflow-wanes\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">end of January<\/span><\/a><span style=\"font-weight: 400\">, GBTC had witnessed $5.55 billion worth of withdrawals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many analysts have attributed Grayscale&#8217;s high management fees (1.5%) to the outflows. During this period, other Bitcoin ETFs continued to attract new money. BlackRock&#8217;s iShares Bitcoin Trust (IBIT) now has over $6.64 billion worth of BTC in its ETF, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with $4.73 billion.<\/span><\/p>\n<h2>What\u2019s Next For Grayscale\u2019s Bitcoin ETF?<\/h2>\n<p><span style=\"font-weight: 400\">While last week\u2019s outflow data is an <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/grayscale-next-bitcoin-halving-different\/\"><span style=\"font-weight: 400\">encouraging sign<\/span><\/a><span style=\"font-weight: 400\"> for Grayscale and the wider ETF market, outflows could continue in the coming weeks. Bankrupt crypto lending firm Genesis recently received court approval to <\/span><a href=\"https:\/\/bitcoinist.com\/next-bitcoin-crash-genesis-1-5-billion-gbtc-sale\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">sell its $1.3 billion worth<\/span><\/a><span style=\"font-weight: 400\"> of GBTC in order to repay its creditors.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/crypto-analysts-bullish-xrp-price\/\">Crypto Analysts Are Giga-Bullish On XRP Price, Set Multiple Price Targets<\/a><\/div>\n<p><span style=\"font-weight: 400\">The prospect of a liquidation of such gravity has propelled concerns amongst investors of the potential downward implications on the price of BTC. However, many others remain optimistic. According to a <\/span><a href=\"https:\/\/www.coinbase.com\/en-gb\/institutional\/research-insights\/research\/weekly-market-commentary\/weekly-2024-02-16\" rel=\"nofollow\"><span style=\"font-weight: 400\">report <\/span><\/a><span style=\"font-weight: 400\">by crypto exchange Coinbase, full liquidation would have a neutral impact on the market as the majority of funds are expected to remain in the crypto ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Bitcoin was trading at $51,300, while Grayscale\u2019s GBTC now had $22.7 billion worth of assets under management.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/jBmmTHLG\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">BTC price at $51,200 | Source:<a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\"> BTCUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Vegavid Technology, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Outflows from Grayscale&#8217;s Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs. This comes as investor anxiety over Grayscale&#8217;s Spot ETF seems to finally be subsiding, with the entire ETF cohort continuing to attract huge trading volumes and rapid growth in assets under management. As a result, the GBTC saw daily outflows drop steadily over the course of the week to just $44.2 million on Friday, the lowest since spot Bitcoin ETFs went live. Outflows Drop As Grayscale&#8217;s BTC ETF Stabilizes After several weeks of elevated outflows totaling over $7.44 billion, investors pulled just $436.2 million of Grayscale\u2019s Bitcoin Trust last week. Notably, the lowest daily outflow of $44.2 million came on the last day of the week. Related Reading: Solana Drops Below 100-Day MA On 4-Hour Chart, SOL Price In Danger? Grayscale&#8217;s GBTC is undoubtedly the biggest Bitcoin ETF among its cohort. This is because GBTC was launched in 2013 as a Bitcoin trust available only in OTC markets., allowing it to grow over the years as it was the only go-to for investors looking to dive into the crypto industry. However, after a lengthy regulatory procedure, the SEC finally approved GBTC&#8217;s conversion into a Spot Bitcoin ETF. Consequently, Grayscale&#8217;s new Bitcoin ETF went live on January 11, along with nine other recently approved ETFs.\u00a0 GBTC held around $27 billion worth of BTC assets when it first began trading as an exchange-traded fund (ETF). Surprisingly, Grayscale&#8217;s conversion into an ETF came along with a vast amount of withdrawals from investors, and by the end of January, GBTC had witnessed $5.55 billion worth of withdrawals.\u00a0 Many analysts have attributed Grayscale&#8217;s high management fees (1.5%) to the outflows. During this period, other Bitcoin ETFs continued to attract new money. BlackRock&#8217;s iShares Bitcoin Trust (IBIT) now has over $6.64 billion worth of BTC in its ETF, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with $4.73 billion. What\u2019s Next For Grayscale\u2019s Bitcoin ETF? While last week\u2019s outflow data is an encouraging sign for Grayscale and the wider ETF market, outflows could continue in the coming weeks. Bankrupt crypto lending firm Genesis recently received court approval to sell its $1.3 billion worth of GBTC in order to repay its creditors.\u00a0 Related Reading: Crypto Analysts Are Giga-Bullish On XRP Price, Set Multiple Price Targets The prospect of a liquidation of such gravity has propelled concerns amongst investors of the potential downward implications on the price of BTC. However, many others remain optimistic. According to a report by crypto exchange Coinbase, full liquidation would have a neutral impact on the market as the majority of funds are expected to remain in the crypto ecosystem. At the time of writing, Bitcoin was trading at $51,300, while Grayscale\u2019s GBTC now had $22.7 billion worth of assets under management. BTC price at $51,200 | Source: BTCUSD on Tradingview.com Featured image from Vegavid Technology, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":576883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,86326,1119,89185,1122,91603,1944,89193,84647,84652],"class_list":["post-576873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-spot-etf","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd-btcusdt","tag-etf","tag-etf-news","tag-spot-bitcoin-etf","tag-spot-etf"],"acf":[],"yoast_head":"\n<title>Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows<\/title>\n<meta name=\"description\" content=\"Outflows from Grayscale&#039;s Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows\" \/>\n<meta property=\"og:description\" content=\"Outflows from Grayscale&#039;s Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-26T14:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:57:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows\",\"datePublished\":\"2024-02-26T14:00:19+00:00\",\"dateModified\":\"2024-06-11T07:57:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\"},\"wordCount\":490,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin spot ETF\",\"btc\",\"BTC news\",\"btc price\",\"BTCUSD BTCUSDT\",\"etf\",\"ETF news\",\"Spot Bitcoin ETF\",\"Spot ETF\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\",\"name\":\"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536\",\"datePublished\":\"2024-02-26T14:00:19+00:00\",\"dateModified\":\"2024-06-11T07:57:27+00:00\",\"description\":\"Outflows from Grayscale's Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536\",\"width\":1024,\"height\":536,\"caption\":\"Bitcoin ETF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows","description":"Outflows from Grayscale's Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows","og_description":"Outflows from Grayscale's Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-02-26T14:00:19+00:00","article_modified_time":"2024-06-11T07:57:27+00:00","og_image":[{"width":1024,"height":536,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows","datePublished":"2024-02-26T14:00:19+00:00","dateModified":"2024-06-11T07:57:27+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/"},"wordCount":490,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536","keywords":["bitcoin","Bitcoin news","bitcoin price","Bitcoin spot ETF","btc","BTC news","btc price","BTCUSD BTCUSDT","etf","ETF news","Spot Bitcoin ETF","Spot ETF"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/","name":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536","datePublished":"2024-02-26T14:00:19+00:00","dateModified":"2024-06-11T07:57:27+00:00","description":"Outflows from Grayscale's Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536","width":1024,"height":536,"caption":"Bitcoin ETF"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows","url":"http:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-spot-etf-grayscale-outflows\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin spot etf","btc","btc news","btc price","btcusd btcusdt","etf","etf news","spot bitcoin etf","spot etf"],"dateCreated":"2024-02-26T14:00:19Z","datePublished":"2024-02-26T14:00:19Z","dateModified":"2024-06-11T07:57:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-spot-etf-grayscale-outflows\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-spot-etf-grayscale-outflows\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-ETF.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-ETF.jpeg?fit=1024%2C536\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin spot etf\",\"btc\",\"btc news\",\"btc price\",\"btcusd btcusdt\",\"etf\",\"etf news\",\"spot bitcoin etf\",\"spot etf\"],\"dateCreated\":\"2024-02-26T14:00:19Z\",\"datePublished\":\"2024-02-26T14:00:19Z\",\"dateModified\":\"2024-06-11T07:57:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-ETF.jpeg?fit=1024%2C536","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/576873"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=576873"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/576873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/576883"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=576873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=576873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=576873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}