After the start of spot Bitcoin ETF trading in the US in January, GBTC rapidly began losing funds due to its high commission rate and arbitrage. While BlackRock's ETF started rapidly withdrawing funds over a period of about 5 months, IBIT became the market's largest spot Bitcoin ETF as of yesterday.
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After the start of spot Bitcoin ETF trading in the US in January, GBTC rapidly began losing funds due to its high commission rate and arbitrage. While BlackRock's ETF started rapidly withdrawing funds over a period of about 5 months, IBIT became the market's largest spot Bitcoin ETF as of yesterday.