Significant Outflow in GBTC ETF Noted by Farside Investors
According to Farside Investors, the Grayscale Bitcoin Trust (GBTC) experienced a substantial outflow of $38.4 million. This movement indicates a significant withdrawal of funds from the GBTC, which could reflect changing investor sentiment or strategic reallocations within cryptocurrency portfolios. Traders should monitor this trend for potential impacts on Bitcoin's market performance.
SourceFarside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.