The Massive Outflow of Bitcoin from Grayscale’s GBTC: What Does it Mean?
Introduction Over the course of six days in the U.S. market, several newly launched spot bitcoin exchange-traded funds (ETFs), including the revamped GBTC, witnessed a staggering trading volume of $16.53 billion. However, GBTC, which dominated this trade volume, experienced a significant decrease in its bitcoin holdings. In just 24 hours, the trust shed over 14,300 […]
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