Grayscale Bitcoin ETF share price plummets as clients keep withdrawing BTC
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The Bloomberg Terminal account on the X platform has reported that the share price of Grayscale Bitcoin Trust has dropped a substantial 11% premarket. It is currently changing hands at $53,22 per share.faced another major outflow on July 30. On the same day, it also lost a massive amount of Ethereum from its second recently converted spot ETF.
BlackRock’s IBIT ETF registered a massive 341 BTC inflow worth $23.5 million. Now, this largest spot Bitcoin fund holds 338,470 Bitcoins in total. It is the equivalent of a mind-blowing $23.28 billion. However, the Bitwise ETF dwarfed IBIT’s daily inflow with 463 BTC. So did Invesco Galaxy Bitcoin ETF, as it saw 354 Bitcoin coming in on Monday. However, BlackRock remains the biggest Bitcoin spot ETF as, over the last week, according to Lookonchain, it accumulated a whopping 11,290 BTC.. Grayscale has seen a massive 111,023 ETH outflow – this amount of crypto is equal to $369.7 million. The fund currently holds 2,280,661 ETH, worth close to $7.6 billion.
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