TL; DR
Full story
Okay, let’s end the week on a positive note, okay?
The Grayscale Bitcoin ETF is currently the problem child of the crypto space, in that its high fees continue to incentivize shareholders to sell large chunks of Bitcoin and move their money elsewhere.
Day in day out: all we’ve really seen from the Grayscale ETF’s inflows are blood-red numbers.
And this continued selling pressure has helped keep Bitcoin’s price hovering between $65,000 and $70,000 in recent weeks…
The good news is:
Yesterday, the Grayscale ETF hit a new low for single-day outflows (-$17.5 million), indicating the bleeding may be coming to an end.
With the halving just around the corner and net cash inflows into Bitcoin ETFs turning positive…
Things are starting to look bullish again!