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Grayscale Bitcoin Trust (GBTC) has experienced significant outflows, with $7 billion withdrawn in the past 5 weeks. Despite the outflows slowing down, Grayscale is still retaining $23 billion in assets under management. A whale made large transactions involving Ethereum (ETH) and USDT, buying and withdrawing significant amounts. There have been notable movements in Bitcoin and Ethereum holdings, with ETFs seeing inflows and outflows affecting the market.
The Nine had biggest volume day since Day One with about $2b in combined trading thx to big contributions from $HODL, $BTCW and $BITB which all broke their personal records. For context $2b in trading would put them in Top 10ish among ETFs and Top 20ish among stocks. It's a lot. https://t.co/547pIl5grI
NEW: #Bitcoin 🐳 whales moves 18K #BTC (💵 $1B) off Coinbase, splitting it into cold wallets ranging from $45M to $171M 👀 https://t.co/5WvyNFwgjg
Incredible, $BITB has traded over 5M shares/$150M today. 2nd biggest day since launch. These ETFs are opening access to a broader set of investors than ever before. [BITB disclosures & prospectus: https://t.co/pAJUG8aACE]