10% of GBTC outflows may go to other major ETFs.

Ritu13

In the discussion about the fund flow of GBTC and the other nine ETFs, a user, X, asked Bloomberg ETF analyst Eric Balchunas whether he could assess how much money flowing out of GBTC had entered other ETFs. Eric responded to this by saying: We will never know the answer, so real data is unattainable. However, based on analyzing rumors, we believe that only about 10% of the outflows from GBTC eventually entered the other nine ETFs. This is much less than people might imagine.

Ritu77

It's not surprising either.

Yamini003

The outflow is still quite substantial.