According to the Grayscale website, GBTC held roughly 567,000 bitcoin as of Jan. 19, down from just shy of 620,000 prior to Jan. 11 launch.
"$1 billion of GBTC sales was the FTX estate, which means the inflows we have seen into the new ETFs was not merely recycled funds from GBTC," said Swan Managing Director Steven Lubka.
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