Cryptocurrencies

    Grayscale Bitcoin Trust experiences significant daily Bitcoin outflows

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    The Grayscale Bitcoin Trust (GBTC) continues to shed its Bitcoin holdings, with a significant departure from the fund recorded in recent data.

    Statistics indicate that the trust's Bitcoin holdings plummeted from 552,681.22 on Tuesday to 536,694.93 by Wednesday.

    This shift equates to an outflow of 15,986.29 Bitcoin in just a single day, as reflected by data made available on the company's official website.

    The most recent decrease further underscores Grayscale's persistent Bitcoin divestment.

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