Grayscale Bitcoin Trust (GBTC) Sees 50% Decrease in Bitcoin Holdings Post Spot ETF Launch

Tuesday, 16 April 2024, 09:48
The Grayscale Bitcoin Trust (GBTC) has experienced a significant reduction of 50% in its bitcoin holdings following the launch of spot ETFs, leading to a decline in its market share to 37%. BlackRock and Fidelity have emerged as the key beneficiaries of this shift in the market.
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Grayscale Bitcoin Trust (GBTC) Sees 50% Decrease in Bitcoin Holdings Post Spot ETF Launch

Grayscale's GBTC Market Share

Grayscale's GBTC has seen a substantial decrease in its bitcoin holdings, resulting in a market share drop to 37%. BlackRock and Fidelity have been identified as the primary recipients of this change.

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