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Golden Finance reported that according to data from HODL15Capital, after 50 weeks since the launch of the US Spot BTC ETF, the holdings of Belair IBIT have increased from 2,621 coins in the first week to 552,555 coins, completely absorbing the selling pressure of Grayscale GBTC. Grayscale GBTC's BTC holdings have decreased from 619,200 coins in the first week to 206,860 coins.
Note: The Grayscale BTC Trust was previously the main way for investors to enter the BTC market, accumulating a large amount of holdings before the launch of the SpotBTCETF, with an initial holdings of up to 619,200 BTC. It is in the process of transitioning to the present.