Weekly crypto asset flow and AUM from Grayscale Bitcoin Trust (GBTC) 2023-2024

Investors using Grayscale investment products sold about 15 billion worth of crypto in 2024, but as the Bitcoin price increased, so did the Bitcoin ETF's AUM. This is according to a weekly ranking on how many investments come into the crypto market, which has been collected by Statista. Grayscale Bitcoin Trust, or GBTC, is regarded as the biggest Bitcoin ETF in the world, and achieved a legal victory over the U.S. SEC in August 2023 that eventually paved the way for the SEC accepting spot Bitcoin ETFs in January 2024. Investors, however, continuously took money out of the fund ever since GBTC converted into an ETF. While the exact reason is unknown, rumors are that crypto lender Genesis - specifically, its bankruptcy proceedings forcing it to sell its possessions - are behind GBTC's outflows.