Grayscale's Bitcoin Trust (GBTC) witnesses a significant reduction in assets, with holdings falling below 300,000 BTC, marking a key milestone.
Coinshares' report shows three consecutive weeks of outflows from Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH) exchange-traded products (ETPs), totaling $435 million, the largest withdrawal since March.
The US saw the majority of outflows at $388 million, despite a record year-to-date inflow of $13.6 billion.
While GBTC's outflows amounted to $440 million, they showed signs of slowing down.
Withdrawals impacted bitcoin and ethereum-based funds the most, while some funds saw inflows, signaling diversification in investment preferences.