...result of the Grayscale ETHE redemptions, a dynamic we saw (and continue to see) with the BTC ETFs and GBTC...

Coming into the final week of May, ETF flows have been impressive, consistently outpacing outflows, with GBTC...These IBIT flows have frequently offset some of the largest GBTC outflows seen in recent weeks.

, the clear standouts with respect to ETF providers continues to be Blackrock (IBIT) and Grayscale (GBTC...consistently attracts the lion’s share of capital looking to allocate to this new asset class, while GBTC...consistently leads in net outflows (due to the structure and fees of the GBTC product).

For the first time since ETF approval, we have seen GBTC outflows decrease dramatically, and even turn...This is notable as GBTC has been a constant source of sell pressure since ETF approval.

Last week, for the first time since ETF approval, we had seen GBTC outflows decrease dramatically....We have seen this trend continue again with minimal GBTC outflows on a week over week basis....Again, this is notable as GBTC has been a constant source of sell pressure since ETF approval.

2 clear standouts when looking at the breakdown of ETF providers — Blackrock (IBIT) and Grayscale (GBTC...consistently attracts the lion’s share of capital looking to allocate to this new asset class, while GBTC...consistently leads in net outflows (due to the structure and fees of the GBTC product).

2024 Which, for the record, just made another new high in daily trading volume (and that’s excluding GBTC...

Swimming Upstream Against GBTC Outflows We’ve also seen a reshuffling of the deck since the new spot...Source: @JSeyff The ETF launches created a ripe opportunity for GBTC investors who wanted out....GBTC had also outperformed spot BTC by ~40% in the 3 months leading up to the ETF launches, marking a...

...having this getting pushed into an increasingly bullish up cycle, exactly what we talking about with GBTC...

GBTC), futures-based ETFs (e.g. BITO), foreign spot-based ETFs (e.g.

...according to Bloomberg — that Grayscale will win its lawsuit against the SEC, allowing it to convert GBTC...Either way, the market — GBTC longs + ETF applications — smell blood in the water and sense an SEC that...Their thinking is twofold: The SEC loses, which (likely) means Grayscale would be able to convert GBTC...

...basically to, to where Germany like started moving coins, you know, same thing with like the BTC and the GBTC...

...through on ETH ETF approvals, we’d expected that remaining gap to close entirely, just like we saw with GBTC...

Another kicker is that, similar to GBTC outflows, there is a similar supply overhang, with ETHE holding...

📊 GBTC And ETHE Trade at Record Discount to NAVs Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum...Trust (ETHE) are trading at the largest discount to net asset values ever with GBTC as well as ETHE...While DCG regularly bought back GBTC and ETHE shares, Genesis accepted them as collateral against loans...

...loan – Genesis owes $900M to Gemini DCG Liq – Grayscale $10B AUM x 2% = $200M x 3x multiple = $600M – GBTC...

BitMEX is launching an exchange token, Grayscale’s GBTC discount hits a record high, while our Research...📊 GBTC Discount Reaches Highest Mark Ever GBTC is a financial instrument that functions as a pseudo-ETF...After launching in 2013, GBTC has grown to become the largest BTC fund in existence.

...collapse as it relates to contagion, and more specifically, the rumors swirling around the DCG/Genesis/GBTC...

This was largely a result of 642M in GBTC outflows, the largest single day outflow we’ve seen since the...It will be important to watch these daily flows, as well as any changes that might impact GBTC outflows...(perhaps GBTC eventually cuts fees to stem the AUM bleed as they’ve alluded too).

This episode covers topics such as ETF flows, GBTC selling, the long-term outlook for Bitcoin, the potential...