Grayscale’s Bitcoin holdings decline by 50% following the approval of spot Bitcoin ETFs.
Following the U.S. authorization of spot Bitcoin ETFs (Exchange Traded Funds), the cryptocurrency market, especially Bitcoin, witnessed significant gains. This approval notably affected Grayscale’s Bitcoin Trust (GBTC), which saw its Bitcoin holdings decrease by half within three months of the ETF’s launch. Grayscale’s Bitcoin Trust began with approximately 619,220 BTC when spot Bitcoin trading was […]
Grayscale’s Bitcoin holdings decline by 50% following the approval of spot Bitcoin ETFs. Read More »