CoinDesk - Over $2 billion in Grayscale Bitcoin Trust shares sold after conversion to ETF, with FTX dumping $1 billion and bitcoin price struggling

in blockchain •  10 months ago 

https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/
Screenshot_20240123-133621_Brave.jpg

Over $2 billion worth of Grayscale Bitcoin Trust shares have been sold since its ETF conversion, with FTX's bankruptcy estate accounting for a significant portion.

Despite optimistic hopes for bitcoin ETFs, the price has fallen and investors remain cautious.

While FTX's substantial sale is over, concerns about the trust's premium and bitcoin's volatility linger.

Beware of Bitcoin dump!!

Screenshot_20211106-080453_DesignEvo.jpg

blockchain horror dump billion grayscale bitcoin etf ftx
10 months ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$20.27
  • Past Payouts $20.27
  • - Author $10.14
  • - Curators $10.13
90 votes
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  10 months ago 

    Upvoted! Thank you for supporting witness @jswit.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00