Week Of Withdrawals: Crypto Funds Lose $500M As Grayscale’s Outflow Wanes

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Bitcoin, Bitcoin Funds, Bitcoin Grayscale, btc, BTCUSDT, CoinShares, Coinshares Research, Crypto, Crypto Funds, Crypto News, GBTC, Grayscale, Grayscale Bitcoin ETF, James Butterfill

The crypto market, particularly Bitcoin, has recently experienced significant outflows. According to a recent report from CoinShares, digital asset investment products worldwide saw net outflows of $500 million last week. These outflows predominantly stemmed from Grayscale’s converted spot Bitcoin exchange-traded fund (GBTC), though its impact seems to be diminishing with daily outflows reducing progressively throughout […]