GBTC, the biggest spot Bitcoin ETF, has “halved” since the trading launch in January, but rivals like BlackRock’s IBIT have added more than 10,000%.
Major Bitcoin (BTC) investor Grayscale Investments has seen its spot BTC exchange-traded fund (ETF) holdings drop 50% ahead of the anticipated Bitcoin halving event.
Bitcoin holdings in the Grayscale Bitcoin Trust ETF (GBTC) shrunk by one-half from 619,220 BTC on the first day of trading on Jan. 11.
According to GBTC data, the spot Bitcoin ETF held 309,871 BTC on its 66th day of trading on April 16, down 50% of the amount since the trading debut. At the time of writing, the amount is worth $19.7 billion.
