Bitcoin (BTC) price is on the rise as selling from Grayscale Bitcoin Trust (GBTC) declines.
According to BitMEX Research data, from Grayscale Bitcoin Trust the other day Worth $394.1 million There was an outflow of money.
Although this number is still high, the fund closed on Wednesday. 515.3 million; If on Thursday $429.3 million was out.
There has been no daily outflow from spot Bitcoin ETFs other than Grayscale since January 11.
The day we joined the IBIT fund established by BlackRock 170.1 million; Fidelity’s fund 101 million; To the Bitwise fund 20 million dollars money entered. However, since the sum of these is not enough for the amount output from Grayscale, the daily net amount is approximately 80 million dollars There was an outflow of money.
Total addition to spot Bitcoin ETFs other than Grayscale since January 11 $5.53 billion from GBTC when entering $4.79 billion output.
According to TradingView data, Bitcoin regained its value by gaining more than 3% on a daily basis. over 41 thousand dollars output.