Bitcoin breaks back above $41,000 amid slowing GBTC outflows | Crypto World ICOs

Bitcoin breaks back above $41,000 amid slowing GBTC outflows

The price of bitcoin rebounded above $41,000 this morning, with outflows for Grayscale’s GBTC converted spot ETF slowing for the third consecutive day. Data from BitMEX Research shows GBTC witnessed outflows of $394.1 million on Jan. 25, down from $429.3 million on Wednesday and $515.3 million on Tuesday. While the GBTC outflows remain very high, yesterday’s figure is the second-lowest since the first trading day for the spot bitcoin ETFs on Jan. 11.

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