Investor assets that have exited Grayscale Investments’ spot bitcoin ETF surpassed $10 billion on Thursday while demand for several competing offerings remains strong.

The Grayscale Bitcoin Trust ETF (GBTC) bled $375 million on Thursday, according to BitMEX Research data — bringing its total net outflows to more than $10.2 billion since converting to an ETF on Jan. 11. 

GBTC has been an outlier within the 10-fund US spot bitcoin ETF segment given its 1.5% fee that is significantly higher than competitors. 

Read more: Why the planned fee for Grayscale’s bitcoin ETF is much higher than others

BlackRock’s fast-growing iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin…

Read more on Blockworks