Gray Bitcoin Trust (GBTC ) Record Outflow of Funds

The Grayscale Bitcoin Trust (GBTC) experienced its largest outflow on March 18, 2024, totaling $643 million, according to the latest statistics. The cumulative volume of all 10 spot Bitcoin ETFs on that day was approximately $4.19 billion. gBTC accounted for $1.06 billion of the total volume, with the remainder allocated among the rest of the day's trading volume. gBTC had a holding of 617,079.99 BTC on Jan. 12, 2024, but since then, it has lost 238,910.62 BTC, valued at $15.4 billion. billion dollars. Just two days ago, GBTC reduced its bitcoin holdings from 380,240.68 BTC to the current 378,169.37 BTC.