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Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch

Bitcoin pressure has picked up this week as AUM at the Grayscale Bitcoin Trust has declined more than $1 billion per day thanks to a combination of exiting bitcoin and lower prices.

Grayscale has moved more than 100K bitcoin to exchange (Wesley Tingey/Unsplash, modified by Speaking of Bitcoin)
Grayscale has moved more than 100K bitcoin to exchange (Wesley Tingey/Unsplash, modified by Speaking of Bitcoin)