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Grayscale’s Bitcoin ETF records lowest outflows since conversi | Crypto Futures Trading

Grayscale’s Bitcoin ETF records lowest outflows since conversion

Grayscale’s GBTC posted $44.2 million in withdrawals on Feb. 23, marking its lowest daily volume since transitioning to an ETF. Grayscale’s Bitcoin Trust (GBTC) has seen outflows reach their lowest point over the past few days, signaling a slowdown in withdrawal volumes. According to data from BitMEX Research, GBTC had withdrawals of $44.2 million on Feb. 23, the lowest daily volume since its conversion on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).

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