According to CoinDesk, citing “private data” and anonymous sources, cryptocurrency exchange FTX has sold nearly 22 million shares of the GBTC fund, valued at nearly $1 billion, since Grayscale’s GBTC fund recently successfully transformed into a bitcoin spot ETF. However, according to CoinDesk’s data, these 22 million GBTC shares represent almost all of FTX’s holdings!
Bitcoin Plummets Below $40,000 this Morning: Blaming FTX for GBTC Sell-off?