Grayscale GBTC has reportedly reduced its holdings by 10,827 BTC (roughly valuing around US$447.8 million) on January 25, according to Lookonchain monitoring. This significant reduction comes at a time when other spot Bitcoin Exchange-Traded Funds (ETFs) are showing an increase in their holdings.
On the contrary to Grayscale GBTC's action, an aggregate of eight Bitcoin spot ETFs has shown an increase of 8,744 BTC, which equates to approximately US$360.2 million. Notably, iShares from the prominent investment management corporation, BlackRock, added up 4,284 BTC to its holdings, which is worth around US$176.5 million.
