Grayscale GBTC indicates fund outflows, possibly due to accounting reasons.

Janak9955

Regarding the previously reported $579 million outflow from GBTC spot Bitcoin ETF in the first two days of listing, Bloomberg ETF analyst Eric Balchuna suggests that the outflow data for GBTC may be due to accounting reasons. He can only use the latest data provided by Grayscale. Although he is unsure about the factors driving the BTC price daily, he emphasizes that for Bitcoin ETFs to grow, there is a need for trading volume and low fees.

Samiksha

There must be a reason for this, for sure.

Ritu77

How could it be accounting reasons?

Jiten171

Are they artificially manipulated by accountants?

Jatin255

Anyway, it's always good to take a closer look.