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Digital asset manager Grayscale Investments filed for a spin off of its spot bitcoin ETF. The spin off is part of a bid to offer investors lower-fee exposure to bitcoin.
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"Since January, GBTC has seen capital outflows of $11b, even as bitcoin climbed to an all-time high and competitors recorded inflows over the same period."
https://www.reuters.com/technology/grayscale-pursues-spin-off-spot-bitcoin-etf-2024-03-12/
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