Grayscale CEO: GBTC Outflows Reaching Balance

What does it mean to be balanced? Will you sell or not? How much do you plan to sell? Can Grayscale be quick?

Grayscale CEO: GBTC outflows are reaching a balance

Grayscale CEO Michael Sonnenshein believes that the outflows from the company's Bitcoin ETF (GBTC) have reached a balanced level.

Sonnenshein said: "We do think that GBTC has begun to reach some balance, and some of the expected outflows, whether it is the (FTX) bankruptcy sell-off or some investors may do swaps, are basically a thing of the past." (Reuters)

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