🚀 Interesting developments are happening in the crypto world! 😂 The Bitcoin ETF fire has begun to fade, the amount of BTC purchased by funds and institutional investors is decreasing. Grayscale, the world's largest crypto asset manager, experienced a record outflow of $643 million on March 18. This equates to approximately 9,600 BTC. 📉

Grayscale's Bitcoin reserves have decreased by almost 40% since the fund was converted to a spot ETF in mid-January. Grayscale's reserves are currently down from 620,000 BTC at the beginning of this year to 378,169 BTC, according to the company's website. 😱

Investors are trying to rebalance their portfolios by exiting Grayscale. In response to this situation, the company has filed to launch a product called "Grayscale Bitcoin Mini Trust" that could be more competitive. 💡

How do you think this will affect the crypto market? We are waiting your comments! 🗣️