Inflation and Concerns of War: Bitcoin Plunges to 65K, Hong Kong ETF Approval Takes Center Stage.

Yesterday, Grayscale’s GBTC saw an outflow of $166 million, despite Grayscale CEO Michael Sonnenshein recently stating that GBTC had reached a certain level of balance and that anticipated fund outflows, whether from bankrupt institutions or potential transfer transactions, had essentially become a thing of the past. However, investors are still choosing to leave due to the significantly higher costs compared to other competitors.