on Wednesday, a record-low figure since it first went live in January, Bitmex Research and Farside Investors said in posts on X.
The figures come a day after Grayscale CEO Michael Sonnenshein said he sees outflows from the Grayscale Bitcoin Trust The GBTC product has hemorrhaged nearly $15 billion in bitcoin outflows since going live and has almost consistently seen outflows every week, likely The EFT also charges the highest annual fees among counterparts at 1.5% of holdings, compared with as low as 0.19% for Franklin Templeton’s EZBC.
Bitcoin is trading just above $70,600 as of European morning hours, up 2.2% in the past 24 hours. The broad-basedin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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