From Flood to Trickle: GBTC’s Outflow
Grayscale’s recorded its lowest daily outflow since becoming an ETF, with just $44.2 million on February 23. 💧
The decrease in outflows marks a potential turning point for GBTC, which has experienced a total of $7.4 billion in outflows to date. In contrast, other funds like Blackrock and Fidelity have seen substantial inflows, totaling $6.6 billion and $4.7 billion, respectively.