Kaiko Reports a Decrease in Grayscale Bitcoin Trust (GBTC) Market Dominance to 30%

By Owen Patter Feb 15, 202453Views

Grayscale Bitcoin Trust (GBTC) Experiences Outflows

Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has seen a significant decrease in its Assets Under Management (AUM), which currently stands at $23.7 billion. Despite being a leading player in the market, Grayscale’s market share has been diminishing.

Decline in GBTC Market Share

Data from Kaiko shows that between January 11-21, GBTC dominated the spot ETF market with over 50% of trade volumes. However, its share has dropped to around 30% in recent weeks.

Expected Recovery of GBTC Outflows

FalconX believes that the selling pressure causing the outflows is likely to dissipate quickly. Recent trends suggest that this flow is expected to exhaust itself soon.

Comparison with Competitors

According to Apollo’s data, GBTC currently holds an impressive 461,983 BTC. In comparison, BlackRock holds 105,280 BTC, Fidelity has 79,752 BTC, and Ark/21 Shares and Bitwise hold 22,965 BTC and 18,887 BTC respectively.

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#Grayscale bitcoin bitcoin etf BlackRock btc Cryptopotato Dominance GBTC market Reports trade trust

Owen Patter

Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen's contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.