Grayscale's GBTC Outflows Reach $7B
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19 February

Grayscale, one of the world's leading crypto asset management firms, has recorded a decline in outflows from its spot Bitcoin ETF fund.

However, experts believe there is still potential for more outflows in the future.

Recent data from Bianco Research and Farside shows that, as of February 16, a total of $7 billion had been withdrawn from Grayscale GBTC following its conversion to a spot Bitcoin ETF.

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This marks a significant decrease in outflows, but ETF Store president Nate Geraci and other observers suggest there may be more outflows to come.

In January, the bulk of the exodus occurred with $5.64 billion flowing out of GBTC, while in February, only $1.37 billion has been withdrawn so far.

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