Bitcoin Pushes Through $50K for First Time Since Late 2021

The action of the past couple of weeks though has seen slowing outflows out of GBTC, while sizable inflows have continued into the new products. On Feb. 8, Grayscale shed just 1,850 bitcoin, while the other nine ETFs added nearly 11,000 tokens to their funds. Then on Feb. 9, Grayscale lost 2,252 coins, while the other nine ETFs added more than 13,000. For perspective, just 900 newly mined bitcoin hit the market each day (soon to decline to 450 per day when the Bitcoin halving occurs in April).