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.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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