Investors using Grayscale investment products sold about 15 billion worth of crypto in 2024, but as the Bitcoin price increased, so did the Bitcoin ETF's AUM. This is according to a weekly ranking on how many investments come into the crypto market, which has been collected by Statista. Grayscale Bitcoin Trust, or GBTC, is regarded as the biggest Bitcoin ETF in the world, and achieved a legal victory over the U.S. SEC in August 2023 that eventually paved the way for the SEC accepting spot Bitcoin ETFs in January 2024. Investors, however, continuously took money out of the fund ever since GBTC converted into an ETF. While the exact reason is unknown, rumors are that crypto lender Genesis - specifically, its bankruptcy proceedings forcing it to sell its possessions - are behind GBTC's outflows.
Cryptocurrency investment flow plus assets under management (AUM) from Grayscale Bitcoin Trust (GBTC) from November 2023 to April 2024
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Statista. (April 15, 2024). Cryptocurrency investment flow plus assets under management (AUM) from Grayscale Bitcoin Trust (GBTC) from November 2023 to April 2024 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1461545/grayscale-weekly-crypto-flow-and-aum/
Statista. "Cryptocurrency investment flow plus assets under management (AUM) from Grayscale Bitcoin Trust (GBTC) from November 2023 to April 2024." Chart. April 15, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1461545/grayscale-weekly-crypto-flow-and-aum/
Statista. (2024). Cryptocurrency investment flow plus assets under management (AUM) from Grayscale Bitcoin Trust (GBTC) from November 2023 to April 2024. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1461545/grayscale-weekly-crypto-flow-and-aum/
Statista. "Cryptocurrency Investment Flow plus Assets under Management (Aum) from Grayscale Bitcoin Trust (Gbtc) from November 2023 to April 2024." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/1461545/grayscale-weekly-crypto-flow-and-aum/
Statista, Cryptocurrency investment flow plus assets under management (AUM) from Grayscale Bitcoin Trust (GBTC) from November 2023 to April 2024 Statista, https://www.statista.com/statistics/1461545/grayscale-weekly-crypto-flow-and-aum/ (last visited October 31, 2024)
Cryptocurrency investment flow plus assets under management (AUM) from Grayscale Bitcoin Trust (GBTC) from November 2023 to April 2024 [Graph], Statista, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/1461545/grayscale-weekly-crypto-flow-and-aum/