GBTC records smallest outflow of $44 million since spot ETF conversionBitcoin ETFs in the US have been an incredible success since their introduction on Jan. 11, as reported by CryptoSlate. In a notable development reported by BitMEX, the sector witnessed a strong inflow of $232 million on Feb. 23. Meanwhile, the Grayscale Bitcoin Trust (GBTC) outflows presented a different narrative. The fund recorded its smallest outflow since the commencement of trading at $44 million, hinting at a potential slowdown in outflows. The day before, GBTC saw an outflow of $56 million, which brings the total outflows to $7.4 billion.
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