GBTC sees significant outflows amidst new inflows

The Grayscale Bitcoin ETF (GBTC) continues to see large outflows, dominating market news.

Recently, GBTC witnessed an outflow of $515 million in one day, culminating in a total of $3.96 billion.

This is a sizeable amount given that the newly introduced group labelled as "newborn 9" saw an inflow of $407 million.

This marked the close of the eighth day, leaving a substantial net difference.