Since the launch of spot Bitcoin ETFs on January 1, Grayscale's Bitcoin Trust (GBTC) has seen its holdings decrease by 50%, totaling 311,621 bitcoins valued at approximately $19.53 billion. This reduction has led to GBTC's market share of ETF Bitcoin holdings decreasing to 37%. In contrast, BlackRock's IBIT has increased its holdings by 1,162 bitcoins, now totaling 272,139 bitcoins valued at $17.06 billion. Overall, the market has seen a net decrease, with nine ETFs, including Grayscale, losing a combined total of 1,299 bitcoins valued at -$81.44 million.
The initial euphoria for the spot #bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from @Grayscale's Bitcoin Trust $GBTC. @HeleneBraunn reports https://t.co/LaEaBzYYLz
Apr 16 Update: #Grayscale decreased 2,524 $BTC(-$158.21M) and currently holds 311,621 $BTC($19.53B). #Blackrock added 1,162 $BTC(+$72.82M) and currently holds 272,139 $BTC($17.06B). 9 ETFs(Including #Grayscale) decreased 1,299 $BTC(-$81.44M). https://t.co/oewVVllvBZ https://t.co/LG4qSP6bvh
Since launching the spot BTC ETF on January 1, its Bitcoin holdings have subsequently fallen by approximately 50% to 311,621 bitcoins, according to Grayscale’s disclosures as of Monday. GBTC’s market share by ETF Bitcoin holdings has fallen to 37%, with BlackRock’s IBIT and…
🚨JUST IN: @GRAYSCALE'S SPOT #BITCOIN ETF HAS NOW LOST MORE THAN 50% OF ITS HOLDINGS SINCE ETF APPROVAL
Grayscale's GBTC reaches its own halving, down 50% in bitcoin holdings since spot ETFs launch https://t.co/OQ7xj8EI7z
The other "halving": GBTC bitcoin holdings are down exactly 50% since the launch of bitcoin ETFs https://t.co/bApRBq6WkW