According to a recent report by PANews, Michael Sonnenshein, the CEO of Grayscale, has suggested that the outflows from the Grayscale Bitcoin Trust might be stabilizing. In the last three months, the total outflows have surpassed $15 billion. Nevertheless, the increase in Bitcoin's value has only marginally reduced Grayscale's assets under management, which currently stand at $23.13 billion.

Despite the competition from nine other issuers, Grayscale is still working to maintain its leading position in the Bitcoin ETF market. Previously, the Grayscale CEO mentioned that Bitcoin ETF fees would decrease over time.

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