Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week

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Halifax police investigating Monday morning Dartmouth death as suspicious | SaltWire #newsupdate - Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, tipping the group of U.S. spot bitcoin exchange-traded funds into net outflows for the week ending March 22, according to data from BitMEX Research.

Bryan Armour, an ETF analyst at Morningstar said that Grayscale opted to keep the management fee on its converted ETF at 1.5%, compared with 0.25% for the BlackRock fund and even lower, including fee waivers, at rivals. "Thinking about that all-in cost of expense ratio and how much it actually costs to buy and sell in terms of bid-ask spread, we thought that IBIT was the most attractive overall," said Alex Michalka, Wealthfront's vice president of investment research.

 

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