Grayscale Sells Over 11,000 Bitcoin From GBTC Holdings Amid Outflows After ETF Conversion
• Grayscale sent 9,000 more bitcoin to an exchange on Tuesday as GBTC sees net outflows • Outflows coming after GBTC converted to a spot Bitcoin ETF last week • Grayscale sold 2,000 bitcoin last week, now up to 11,000 bitcoin • GBTC holdings now below 610,000 BTC • Bitcoin price dropped 2% on news but recovered to over $43,100