Grayscale Replaces CEO as GBTC Bleeds Assets
Yahoo Finance · 7 days ago
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1 day ago · GBTC to ETF Transition: Outflows and ETHE Discount Concerns. GBTC, upon its conversion to an ETF on January 11, experienced outflows amounting to 23% of its assets under management (AUM) within the first month, totaling $6.5 billion. Given ETHE's AUM of $11 billion, a similar magnitude of outflows could be expected.
7 hours ago · This pattern was observed with GBTC, which traded at up to a 17% discount before its ETF conversion but has since seen the discount shrink, allowing many holders to exit at favorable prices. As of May 24, GBTC’s discount had narrowed to just 0.03%. Also Read: Grayscale’s Unexpected Withdrawal Of Ethereum Futures ETF
1 hour ago · If it experiences similar outflows as GBTC, it could result in average daily outflows of $110 million, representing around 30% of Ether’s average daily trading volume on Coinbase, as stated by Kaiko. Recent data has shown that over the past three months, ETHE has traded at a discount of up to 26% compared to its net asset value (NAV).
7 hours ago · GBTC's transition to an ETF earlier this year saw outflows totaling $6.5 billion in its first month, shaping ETHE's projected outflows. Digital asset management giant, Grayscale’s upcoming Ether ETF, ETHE, could see substantial outflows averaging $110 million daily, akin to its Bitcoin counterpart’s experience, according to Kaiko analysts ...
7 hours ago · The Grayscale Bitcoin Trust (GBTC) converted from a closed-end fund to an ETF on Jan. 11, which saw 23% of its assets under management at launch flow out in the first month — totaling $6.5 ...
7 hours ago · The Grayscale Ether fund (ETHE), which currently holds an AUM of $11 billion, could experience outflows if it follows GBTC's pattern. Grayscale Spot Ether ETF May Face $110M Daily Outflows in Early Days - Latest News and Insights on Blockchain, Cryptocurrency, and Investing
7 hours ago · In the month following the conversion, the GBTC experienced 23% of its assets under management (AUM) flow out, totaling $6.5 billion. Grayscale’s Ethereum Trust (ETHE) currently has an AUM of $11 billion, and if it experiences similar outflows as GBTC, it could result in average daily outflows of $110 million, representing around 30% of ...
