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Bitcoin.com
2024-02-07 00:30:58

Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves

Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves

After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded an additional 2,565.39 bitcoin, valued at $110 million. Concurrently, Blackrock’s IBIT has acquired an additional 3,235.87 bitcoin, while Fidelity’s FBTC has secured 2,732.75

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