BTC Maintains $65K As GBTC

Outflows Hit Highest Level Ever

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• Bitcoin remains above $65,000 despite

highest-ever GBTC outflows.

• GBTC outflows are occurring due to high fees

and ETF competition.

Bitcoin {{BTC} is down 4% and trading above

$65,000 as the selling of Grayscale Bitcoin Trust

(GBTC) shares hit its highest level ever.

According to data compiled by BitMEX research,

outflow from GBTC hit $643 million on March 18.

Bitcoin ETF Flow - 18 March 2024GBTC Outflow

$643m

- BitMEX Research (@BitMEXResearch) March