⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
The broader digital currency ecosystem has reported its first weekly outflow in seven weeks, with over $942 million withdrawn. The massive outflow from Grayscale Bitcoin Trust sparked this downtrend. In total, $12.3 billion has flowed into crypto investment products from institutional investors over the past seven weeks. While new Bitcoin ETF issuers gained $1.1 billion, Grayscale recorded $2 billion outflows, leading to the biggest outflow for Bitcoin. Additionally, the market saw a mild outflow for Ethereum, signaling the need for a correction. Alongside the outflow, Bitcoin's price has slowed down, currently at $67,126.98. The market anticipates a potential revival that may end March on a positive note.