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Grayscale Bitcoin Trust recorded its lowest net outflow of $17.5 million for the first time since its conversion to a spot Bitcoin exchange-traded fund on Wednesday, according to Farside Investors data.by Grayscale Investments CEO Michael Sonnenshein that the company’s fund is close to a point of “equilibrium” regarding its outflows.
The U.S. spot Bitcoin ETFs, including Grayscale, collectively saw net inflows of $123.7 million. This marks an improvement after the ETFs had a day of cumulative net outflows on April 9, amounting to $19.4 million.
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