Grayscale's Assets Fall Below $20B
This is a Grayscale news story, published by CoinGape, that relates primarily to Bitcoin Trust news.
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Grayscale Bitcoin TrustCoinGape
•Grayscale Holdings Dip Below $20 Billion Amid ETF Outflows
74% Informative
Grayscale 's total holdings fall below $ 20B due to ETF outflows from its cryptocurrency ETFs.
Bitcoin Trust (GBTC) experienced an outflow of $280 million in the past week , and $52.9 million on Friday alone.
Bitcoin and ETHE exchange-traded funds experienced outflows of $10.7 million on September 6 .
Market trends suggest a potential consolidation phase in the cryptocurrency investment product market.
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