On Friday, Grayscale, which managed to convert GBTC shares into ETFs following the Bitcoin spot ETFs accepted on January 10, saw its lowest sales since January 11. There was a net outflow of $44 million from Grayscale.

On Thursday, the previous day, this figure was again at the second lowest level of outflows with 55 million dollars.

While there has been a net outflow of $7.4 billion from Grayscale so far, the company still holds $22 billion worth of Bitcoin.

As it is known, most of the Bitcoin outflows from Grayscale came from the profit realization of investors who bought GBTC shares at a discounted price and the $1.5 billion sale of FTX bankruptcy administration. Finally, the bankruptcy administration of Genesis also received court approval to sell more than $1 billion of GBTC.

On the other hand, on February 23, Bitcoin ETFs received a net investment of $232 million. Of this, $167 million came to BlackRock and $50 million to Fidelity.