According to CryptoPotato, outflows from Grayscale GBTC continue. Data shows that as of February 16, there have been $7 billion in outflows since GBTC was converted into a spot Bitcoin ETF. While the numbers appear to be slowing significantly, the once-leading fund is facing stiff competition from ETFs from BlackRock and Fidelity, whose asset bases have grown with inflows. Net outflows from GBTC reached $7 billion, with most of the outflows occurring in January, with $5.64 billion outflowing GBTC by the end of the month, while February has seen only $1.37 billion in outflows so far. This actually suggests that outflows have slowed. However, ETF Store President Nate Geraci said in a recent tweet that he believes GBTC outflows will continue. Although the outflow rate has slowed significantly, market experts believe that the trend of capital outflows may continue for some time. GBTC once held a strong position in the spot ETF market, accounting for more than half of the trading volume. However, recent data from Kaiko shows that its market share has declined significantly, falling to about 30% last week.