GBTC Outflow Slows Down | Hopes For Bitcoin Price Rebound

The Bitcoin market has been buzzing with activity as Grayscale Bitcoin ETF (GBTC) experiences a notable slowdown in outflows. Investors are closely watching the developments, hoping for signs of stability and potential positive shifts in bitcoin’s price performance.

GBTC Outflows Ease

Recent data reveals that outflows from Grayscale’s Bitcoin Trust have slowed for the second consecutive day, sparking optimism among market participants. On January 24, daily outflows dropped to $429 million, the smallest since the ETF’s launch on January 11. This represents a 33% slowdown compared to the start of the week on January 22.

The good news: GBTC outflows trending down. The bad news: so are…

Read more on bitcoinnews

71.2K Reads