Outflows from the Grayscale Bitcoin Belief (GBTC), the world’s largest bitcoin fund on the time, which transformed from a closed-end construction into an ETF that allowed redemptions for the primary time in 10 years, weighed on bitcoin’s value over the primary weeks. Later, inflows to rival funds overcame the damaging pattern, propelling BTC to an all-time excessive in March.
Bitcoin Price Outperforms Broader Crypto Market, Ether (ETH) Price Drop Mirrors Bitcoin (BTC) ETF Launch
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