Grayscale CEO Michael Sonnenshein said that outflows from Grayscale Bitcoin Trust may be reaching a balance point. Despite the fund's total outflows of more than $15 billion in the past three months, the rise in the value of Bitcoin has caused Grayscale's assets under management to fall only slightly to $23.13 billion. Despite facing competition from nine other issuers, Grayscale is still working hard to maintain its dominance in the Bitcoin ETF market.

Previously, Grayscale CEO said: Bitcoin ETF fees will decline over time.

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