Information from BitMEX indicates that March started with the initial overall withdrawal since February 2000. There was a $21 million outflow on the day, with a notable $492 million outflow from the Grayscale Bitcoin Trust (GBTC), making it one of the largest single-day outflows. Data on Bitcoin ETF in dollars from BitMEX. Based on information from BitMEX, the Grayscale Bitcoin Trust (GBTC) has seen withdrawals amounting to $8.9 billion. Even with a substantial amount of money leaving the fund, the total assets managed by GBTC only dropped by $1.6 billion to $27 billion from $28.6 billion, according to ycharts. This slight decrease in funds can be linked to the rise in Bitcoin’s value from $49,003 to $65,000 since the ETF was introduced in January. 11. The amount of assets managed by GBTC: (Data source: ycharts). Even with the money moving out of GBTC, the company still holds a dominant position in the market with a 55% share, although this has decreased from 100% just two months ago, according to Nate Geraci, the President of ETF Store. Additionally, Geraci reported that GBTC’s annual fee revenue is a substantial $398 million, which is much higher than the $53 million generated by the nine new ETFs, excluding fee waivers. Data on Bitcoin ETFs is sourced from BitMEX and displayed in BTC. Meanwhile, there was a decrease in inflows for BlackRock’s IBIT, with only $203 million coming in on Mar. 1, after a series of days with record-breaking results.