Grayscale's Bitcoin Trust (GBTC) recorded its lowest outflows since converting to a spot Bitcoin ETF, with daily withdrawals dropping to $44.2 million.

Grayscale's Bitcoin Trust (GBTC) recorded its lowest outflows since converting to a spot Bitcoin ETF on Feb. 23, with daily withdrawals dropping to $44.2 million. Despite ongoing outflows, GBTC is bleeding slower; in January, it experienced over $5.64 billion in withdrawals. BlackRock's IBIT and Fidelity's FBTC have attracted over $6.6 billion and $4.7 billion in investments since their launch, respectively.