It seems that the GBTC is selling BTC, and other spot BTC ETFs are buying BTC

in hive-103599 •  11 months ago  (edited)

1000011072.jpg

Source: BUYBITCOINWORLDWIDE

As far as I remember, the GBTC(Grayscale Bitcoin Trust) held more than 650k BTC a few weeks ago. But, now they hold around 567k BTC.

I think the recent decline of holding BTC is attributed to the high fee of Grayscale Bitcoin Trust. So, some investors might sell their GBTC. Then, they might move their fund to buy other spot BTC ETF(Exchange-Traded Fund)s.

I don't know how long will the movement trend last.. someday, when the movement trend is over, I believe the BTC price movement will be nice.

hive-103599 gbtc grayscale btc bitcoin spot etf
11 months ago by

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      ·  11 months ago 

    This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab

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      ·  11 months ago 

    investors are currently waiting and seeing

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        ·  11 months ago 

      ok

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