Grayscale Bitcoin Trust Sees $642M Outflows as Investors Flee to New Spot ETFs

• Grayscale Bitcoin Trust ETF saw record $642.5M in outflows on Monday as bitcoin price tumbled • Investors exiting Grayscale ETF since it converted to ETF format on Jan 10; over $12B outflows so far
• Meanwhile, 9 new spot bitcoin ETFs launched same day have seen inflows • Grayscale ETF assets now $27.2B, down from $29B on first day of new ETF trading • Lack of new buying into bitcoin ETFs made Monday lowest single day for flows since late January