🔴 GBTC is trading 3.19% down today as Bitcoin drops and ETF outflows persist

GBTC is trading at $48.37 (-3.19%) as Bitcoin falls sharply and spot Bitcoin ETFs see ongoing redemptions.

• The move tracks a 24-hour drop of approximately 5% in Bitcoin and broader weakness across the cryptocurrency sector.
• U.S. spot Bitcoin ETFs have recorded a sixth straight week of net outflows, led by $156 million pulled from GBTC.
• The continued redemptions are reinforcing selling pressure and dampening investor sentiment toward Bitcoin exposure.