Posted 1/30/2024, 10:44:44 PM
Grayscale Bitcoin Withdrawals Slow to a Trickle, Raising Questions About Future Sales
- Grayscale has significantly slowed its Bitcoin withdrawals down to under $200 million per day
- Earlier in February, Grayscale was moving over $2 billion in Bitcoin per day
- Industry observers ask if Grayscale is done selling Bitcoin
- Grayscale started selling Bitcoin after converting its fund into a Bitcoin ETF on January 10
- Before, Grayscale operated like a closed-end fund and investors had to hold shares for 6 months
- Since becoming an ETF, investors have been redeeming their holdings