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International Business Times
International Business Times
Business
Nica Osorio

Grayscale's Bitcoin Exodus Appears To Stall With GBTC's Record Low Net Outflow

GBTC Bitcoin Grayscale Eric Balchunas ETF Grayscale Investments JP Morgan Nine
Grayscale's New Brand Identity (Credit: Grayscale Investments official YouTube channel)

KEY POINTS

  • GBTC recorded outflows amounting to $429 million, which marked its lowest level, on its ninth day of trading
  • This intriguing trend sparked speculations that the GBTC exodus could be finally over
  • As of 5:01 a.m. ET on Friday, Bitcoin displayed strength, trading at $40,135.63

The Grayscale Bitcoin Trust (GBTC), by Grayscale Investments, experienced a remarkable reduction in outflows with the decline reaching a noteworthy low point on the ninth day of trading, suggesting a possible conclusion to the prolonged exodus trend.

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