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Day February 19, 2024

Outflows from Grayscale GBTC Slow Down But Competition Continues to Weigh In

Grayscale GBTC Faces $7B in Outflows Amid Increased Competition Grayscale’s Bitcoin Trust (GBTC) has experienced significant outflows, with $7 billion withdrawn since its conversion to a spot Bitcoin ETF. While the outflows appear to be slowing, the fund, once a leading player in the market, is facing mounting competition from…

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