GBTC - Grayscale CEO Hints At Slowdown In $15B Bitcoin ETF Outflows | Benzinga
Grayscale, the world’s largest digital currency manager, is seeing a potential slowdown in outflows from its flagship ETF.
What Happened: Speaking on a Reuters podcast, the company’s CEO Michael Sonnenshein suggested that the turbulence caused by the liquidation of assets from bankrupt companies like FTX is now largely resolved.
“Some of the selling connected to settlements of bankrupt crypto companies like FTX is largely behind us,” he said.
When the U.S. Securities and Exchange Commission (SEC) gave the green light for spot bitcoin ETFs, Grayscale’s GBTC (OTC:GBTC), which has been operational as a trust for several years, ...