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Grayscale reduced its Bitcoin holdings by 6,899 BTC worth $462 million, now holding 361,659 BTC valued at $24.23 billion. GBTC has only 356,000 BTC left. BlackRock's IBIT saw strong demand with $233 million inflows. Bitcoin ETFs experienced record outflows, with JPMorgan warning of further decline.
#Bitcoin’s momentum may be shifting as institutional outflows decrease, with GBTC losing $170M on March 22. Amid speculation of Genesis selling its GBTC position, net flows out of Bitcoin ETFs dropped, hinting at easing selling pressure. https://t.co/UgVscYyeHm
Bad news: we saw net BTC ETF outflows every day last week. Good news: the magnitude of the outflow seemed to slow down by the end of the week. Whenever inflows switch on again I think crypto resumes its rally. Forever the optimist here but think we see that sooner than later. https://t.co/yoquHfJJyV
From Peak to Present: #GBTC's #Bitcoin Holdings Decrease by 266,827 BTC in 71 Days https://t.co/cWY18jlrir
