From Investing.com, July 31, 2024 4:30:24 pm:

A significant outflow was reported in the cryptocurrency market today, with 26,823 BTC, equivalent to over $1.7 billion, leaving nine investment products in the last 24 hours, according to Lookonchain stats.

Despite an inflow of 1,138 BTC into BlackRock’s IBIT Bitcoin ETF, a substantial 27,753 BTC flowed out of Grayscale Bitcoin Trust, creating a notable downturn in numbers.

Most of the BTC from Grayscale Bitcoin Trust moved into the newly established Grayscale Bitcoin Mini Trust, resulting in a total net inflow of 113 BTC or $7.48 million for Bitcoin-related investment products that day.

Grayscale Bitcoin Mini Trust is a smaller version of the Grayscale Bitcoin Trust, introduced by Grayscale Investments in July 2024 to offer a more direct investment approach by tracking Bitcoin’s price, catering to investors seeking BTC exposure with a lower initial investment compared to GBTC.

Read more at Investing.com: No, Bitcoin ETFs Didn’t Lose $1.7 Billion in 24 Hours By U.Today