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An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.

Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week.

Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.

Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its

Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.

Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.

Here's a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.

Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.

Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management.

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