Grayscale Bitcoin Outflows Slow but Still Total $5B This Year as Rival Funds Gain
• Grayscale's GBTC bitcoin fund saw $2.2B in net outflows last week while other bitcoin ETFs saw $1.8B inflows • Total crypto funds saw $500M in net outflows as GBTC bleed outweighed rivals' gains • GBTC outflows now total over $5B since Jan 11, but pace of redemptions declined last week • Grayscale transferred $289M bitcoin to Coinbase Prime on Monday, almost half prior week's average • Inflows into new US bitcoin ETFs slowed to 46,000 bitcoin last week vs 60,000 the prior week