Bloomberg ETF Analyst: A third of GBTC outflows may shift towards spot Bitcoin ETF

Bloomberg ETF analyst James Seyffart stated that the recent outflow of $1.6 billion from Grayscale GBTC within four days could signify a large number of investors shifting towards other Bitcoin ETFs. As much as one-third of the funds outflow this week may be transferred to other ETFs and other Bitcoin exposures, mainly because they have smaller price differences compared to GBTC, which is a favorable factor for investors. The complexity of T+1 fund accounting might make these daily fund flows difficult to track.