Following January’s blessing of multiple spot bitcoin ETFs, investors appeared to offload GBTC shares in favor of fresher alternatives. The daily exodus from GBTC has dramatically tapered down from a March peak of $600 million. Michael Sonnenshein, the head honcho at Grayscale — a heavyweight in digital asset investment — told Reuters on Wednesday that…
After another robust day of inflows, IBIT’s latest filings reveal it held a whopping 195,985 bitcoins as of Friday. In contrast, MicroStrategy’s public disclosures, dated February 26, report a slightly smaller stash of 193,000 tokens. Earlier this week, MicroStrategy rolled out a $700 million capital raise, explicitly aimed at snapping up additional bitcoin, hinting that…
Early Tuesday, an additional 9,000 bitcoins changed hands as Grayscale, the entity behind the Grayscale Bitcoin Trust (GBTC), transferred them to exchange platforms amid ongoing net sell-offs triggered by its shift to a spot exchange-traded fund (ETF). Just past 14:30 UTC, right when U.S. equities re-opened after a long weekend, Arkham Intelligence recorded these coins…