In the latest developments in the crypto market, the Grayscale Bitcoin Trust (GBTC) ETF is facing significant challenges, with billions of dollars in outflows over the past week. Grayscale’s struggle is underscored by the rise of competing funds and a complex interplay of fees and market dynamics. Fidelity and BlackRock surpass $1B inflows in five days Fidelity’s FBTC spot bitcoin ETF has made headlines by swiftly joining BlackRock’s IBIT as the second fund to attract more than $1 billion in inflows within the initial five days of trading. In total 77,367.6 BTC have flowed into the different spot bitcoin ETFs. ... (full story)