Grayscale's Bitcoin Fund Dips to $21 Billion with Major BTC Outflow

On January 24, 2024, the latest data from Grayscale's website reveals that their Bitcoin fund holds 536,694.93 BTC, currently valued at about $21.01 billion. This marks a decrease from the previous day's holding of 552,681.22 BTC, indicating a substantial outflow of 15,986.29 BTC, worth over $635 million on Tuesday.



Rewinding to January 12, Grayscale's fund had 617,079.99 BTC, which means there's been a notable reduction of 80,385.06 BTC since then, equivalent to a $3.19 billion drop in value. Notably, on Tuesday, Grayscale's GBTC led the pack among ten spot bitcoin exchange-traded funds (ETFs) in trading volume, with a remarkable turnover of $762 million.



The combined trading volume for all these ten ETFs hit $1.6 billion on January 23. Fidelity's FBTC followed closely, recording $357 million in trades. Blackrock's latest update


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