Data: The total outflow of funds from grayscale's spot Bitcoin and Ethereum ETFs has exceeded 20 billion USD

According to ChainCatcher news, as reported by Cointelegraph, the total outflow from Grayscale Investments' spot Bitcoin and Ethereum ETFs has exceeded $20.4 billion.

Since its launch on January 11, Grayscale's spot Bitcoin ETF "GBTC" has seen an average daily outflow of approximately $137.7 million over nearly seven months.

As of July 29, the total outflow from GBTC was $18.86 billion. In contrast, the other nine Bitcoin ETFs approved in the U.S. have maintained positive balances. The newly launched Grayscale Ethereum Trust (ETHE) has shown comparable performance in terms of investment outflows to GBTC. Grayscale's Ethereum ETF experienced an outflow of $1.72 billion within five days, bringing Grayscale's total cryptocurrency ETF outflow to $20.58 billion. During this process, Grayscale lost 18.7% of its nearly $9.2 billion initial seed fund.