Giant GBTC outflows, 9.5k #BTC.
Since ETF approval, 250,000 BTC have flowed out of Grayscale. This substantial sell pressure was mostly offset by other ETFs' inflows. We were overdue for a pullback, and yesterday, and likely today, outflows are in charge.
Nonetheless, large inflows to BlackRock!
Interesting to see the change in purchasing volume from Fidelity… 🤔
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