Grayscale Faces Challenges as Bitcoin Reserves Halve Following ETF Transition
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Grayscale’s Bitcoin Trust (GBTC), a major player in the cryptocurrency investment landscape, recently transitioned into a spot Bitcoin exchange-traded fund (ETF). This significant shift coincided with a dramatic reduction in Bitcoin (BTC) reserves, cutting the total held from 619,220 BTC to 311,621 BTC in about three months.
