TechFlow News, July 30 — According to Cointelegraph, Grayscale Investments' spot Bitcoin and Ethereum ETFs have collectively seen outflows exceeding $20.4 billion.
Since its launch on January 11, Grayscale’s spot Bitcoin ETF (GBTC) has averaged approximately $137.7 million in daily outflows over the past seven months. As of July 29, GBTC’s total outflows reached $18.86 billion. In contrast, the other nine Bitcoin ETFs approved at the same time in the U.S. have maintained positive net balances.
Grayscale’s newly launched Ethereum ETF (ETHE) has performed similarly in terms of outflows. The fund experienced $1.72 billion in outflows within five days, bringing Grayscale’s total cryptocurrency ETF outflows to $20.58 billion. During this period, Grayscale lost 18.7% of its initial seed capital of nearly $9.2 billion.
