Bitcoin Sudden Decline to Below $63K and Its Market-Wide Impact
The negative shift suggests a weakening demand for Bitcoin in the US, coinciding with slowed inflows into spot ETFs and a record outflow from Grayscale’s ETF.
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The negative shift suggests a weakening demand for Bitcoin in the US, coinciding with slowed inflows into spot ETFs and a record outflow from Grayscale’s ETF.
Grayscale’s Sonnenshein justified high fees due to GBTC’s liquidity and track record. He explained that other ETFs may offer lower fees because they lack a proven track record, and issuers are enticing investors with fee incentives.
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