3h00 ▪
3
min of reading ▪ by
Eddy S.
In the ever-volatile world of crypto, prevailing winds can quickly shift directions. Grayscale’s remarkable comeback in the Bitcoin ETF market is a testament to that. After enduring nearly four months of capital outflows from its flagship GBTC fund, the New York-based firm has made a sensational return!
A Trying Desert Cross for Grayscale
To fully grasp the scale of Grayscale’s comeback, we must first recall the challenging period the asset manager has faced in recent months. A true pioneer with its Bitcoin ETF GBTC, the company had long been a favored investment for institutions wanting to gain exposure to the leading crypto.
Over the span of four long months, Grayscale saw its investors jump ship, preferring to bet on newer, more modern instruments. A massive capital bleed exceeding $17 billion that seriously threatened the New York…
