Bitcoin (BTC) remains steady, trading above $70,670, while money continues to move out of the Grayscale Bitcoin Trust (GBTC).
About $124.9 million left GBTC, contrasting with $4.6 million flowing into Fidelity’s FBTC, $11.1 million into Bitwise’s BITB, and out of all BlackRock’s Bitcoin ETF (IBIT) records $192 million worth of inflows. Bitcoin ETFs collectively saw $227.9 million exit this week.
Some think GBTC outflows push BTC prices down, but others disagree, noting GBTC’s higher fees naturally lead to outflows. Traders foresee Bitcoin stability in April, with predictions on Polymarket suggesting a 60% chance of BTC reaching $75,000 and a 32% chance of hitting $80,000 by month’s end.
Also Read: Grayscale Bitcoin Trust Outflows Hit Record Low of $17.5M
