In a recent development that caught the attention of crypto enthusiasts and investors alike, Grayscale’s Bitcoin Trust (GBTC) appears to be undergoing a significant shift in dynamics. Data from BitMEX Research indicates a noteworthy slowdown in outflows from GBTC, suggesting a potential reduction in selling pressure on Bitcoin.
As of January 24, GBTC experienced outflows of $429 million, marking the smallest daily outflow since the launch of Grayscale’s spot Bitcoin ETF on January 11.·
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