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Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan

Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.

Updated Mar 8, 2024, 8:33 p.m. Published Jan 25, 2024, 5:17 p.m.
Grayscale's GBTC profit taking likely over, easing bitcoin (BTC) selling pressure: JPMorgan
Grayscale's GBTC profit taking likely over, easing bitcoin (BTC) selling pressure: JPMorgan