Bloomberg Analyst: Grayscale GBTC's Cumulative Outflows Rank Second

Bloomberg ETF senior analyst Eric Balchunas said that over the past 15 years, Grayscale's GBTC has ranked second in cumulative outflows among all ETFs, only behind EEM (iShares MSCI Emerging markets ETF) which invests in emerging markets.

 

Previously, Bloomberg ETF analyst James Seyffar stated that Grayscale has submitted an application for a mini GBTC and has not yet disclosed the fees or how much of the GBTC will be split. However, GBTC is transitioning into a more cost-competitive product and is seen as a "tax avoidance event". The mini GBTC will bring benefits to long-term GBTC holders, especially those who are hit by potential capital gains tax. It helps clients find a middle ground between not reducing income and selling off but still needs to pay attention to the percentage and fee of the GBTC split.