GBTC sees $166M outflows despite CEO’s ‘equilibrium’ remark

Inflows into Bitcoin ETFs have also slowed, indicating declining investor engagement.

The Grayscale Bitcoin Trust (GBTC) continues to experience significant outflows, with over $166 million and more than 2,500 Bitcoin withdrawn from the fund’s holdings on Friday, April 12.

According to Farside Investors data, outflows from GBTC have now exceeded $16.2 billion since its conversion to a spot Bitcoin (BTC) exchange-traded fund (ETF) in January. Throughout April, the daily outflows from GBTC have fluctuated between $75 million and $300 million.

Inflows into other spot Bitcoin ETFs have also slowed, indicating declining investor engagement. GBTC recorded significant outflows of $767 million this week, contributing to the net negative flows from spot Bitcoin ETFs.

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