Grayscale held around 620,000 BTC at the time its GBTC fund was converted into an ETF. Today it’s sitting at around 420,680 BTC.
The world’s largest crypto asset manager, Grayscale, has now seen nearly 33% of its Bitcoin (BTC) holdings on GBTC removed since it converted into an ETF in mid-January.
On March 4, GBTC saw its 36th day of straight outflows, with 5,450 BTC or $368 million leaving the trust and bringing the total outflow since its conversion to $9.26 billion, according to BitMEX Research
Before it converted the fund to an ETF, Grayscale held around 620,000 BTC, according to Coinglass.
