According to PANews, Grayscale CEO Michael Sonnenshein has indicated that the outflows from the Grayscale Bitcoin Trust may be reaching a balance. Over the past three months, the total outflows from the fund have exceeded $15 billion. However, the rise in the value of Bitcoin has only slightly reduced Grayscale's assets under management to $23.13 billion.
Despite facing competition from nine other issuers, Grayscale is still striving to maintain its dominant position in the Bitcoin ETF market. Previously, the Grayscale CEO had stated that Bitcoin ETF fees would decrease over time.