Grayscale Sells $41M In Bitcoin Amid BTC’s $47K Struggle: Impact On Bull Run?


Grayscale, one of the leading digital asset management firms, has reportedly sold $41 million worth of Bitcoin. This significant transaction comes at a time when Bitcoin price is experiencing upswings, halting the current momentum near the $47K mark. Nevertheless, the selling pressure on Bitcoin triggered by GBTC’s outflow could be reduced as other ETF providers are actively increasing their Bitcoin holdings in their portfolios.
BTC0.42%
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