Large Investor Appears Selling Grayscale’s GBTC but Bitcoin ETF Inflows Remain Positive Led by BlackRock’s IBIT

The big outflow might maybe point out that crypto lender Genesis began or ramped up the tempo of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis acquired chapter courtroom approval on Feb. 14 to promote 35 million GBTC shares – then value $1.3 billion, now roughly $1.9 billion – however outflows from GBTC had been muted over the previous two weeks till Thursday’s spike.