Grayscale GBTC welcomes net outflow again! CEO: ETF fees will gradually decrease

The crypto market continued to fall on March 19th and 20th, with Bitcoin and Ethereum falling below $62,000 and $3,200 respectively; Grayscale GBTC experienced net outflows again, but CEO Michael Sonneshein confirmed that ETF fees will be gradually reduced.

Mainstream currencies continue to fall, and the decline of meme coins gradually slows down

Before the deadline, Bitcoin and Ethereum were 62,868 US dollars (-5.15%) and 3,209 US dollars (-6.51%) respectively.

Solana (SOL) fell to $173 (-7.12%) after briefly standing above $200 on the 18th.

On the 19th, meme coins had the highest decline among the top 100 market capitalizations, but the decline gradually slowed down today:

• Dogecoin (DOGE): -6.63%

• Shiba Inu(SHIB)：-3.97%

• Pepe(PEPE)：-7.54%

• dogwifhat(WIF)：-4.13%

• FLOKI：-2.97%

• Bonk(BONK)：-2.99%

• BOOK OF MEME(BOME): 23.54%

• SLERF: 30.6%:

Grayscale GBTC welcomes again Net outflow

Farside data shows that after Grayscale GBTC had a net outflow of -USD 642 million on March 18, it then outflowed -USD 443 million on the 19th.

Fidelity showed net inflows of $39 million, with full data from issuers such as BlackRock still to be provided.

Haidu CEO: ETF fees will gradually be reduced

Since the listing of Bitcoin ETF, GBTC has experienced a net outflow of US$12 billion.

According to CNBC, Grayscale CEO Michael Sonneshein confirmed that ETF fees will gradually decrease. He said: I am pleased to announce that as time goes by and the market matures, the cost of GBTC will decrease. We certainly expect there will be outflows from investors looking to profit from their portfolios, arbitrage from funds, or factors including investors unwinding their positions due to forced liquidations.

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