Grayscale CEO advocates for spot Bitcoin ETF options to gain approval
Michael Sonnenshein commented on currently pending applications.

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Grayscale retains liquidity lead in crypto ETF space despite declining outflows
Grayscale's outflow continue to dominate weekly outflows, despite data indicating that trend might be receding.
The banking giant analysts also speculated that the newly launched ETFs will play a prominent role in BTC price discovery.
When ETF shares are sold it does not necessarily lead to a decline in AUM if those shares are not redeemed by APs.
Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.
Observers says only 10% of GBTC outflows are being redirected to the new ETFs.