Fri 22 Mar 2024 ▪
4 min read ▪
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Massive outflows at Grayscale: Bitcoin under pressure, market on alert.
Massive outflows at Grayscale: Bitcoin under pressure, market on alert.
It appears that the outflows from the GBTC ETF related to Genesis' asset liquidation have started. Hence the halt in Bitcoin.
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The Bitcoin ETFs are breaking all records despite the outflows from the GBTC ETF, which could soon intensify due to sales from the Gemini exchange.
"A new massive sale of bitcoins deposited in Grayscale's GBTC ETF is looming following the resolution of the case involving bankrupt Genesis and Gemini Exchange."
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