Did FTX Dump GBTC Cause Bitcoin to Fall below $40,000 this Morning?
According to CoinDesk, citing “private data” and anonymous sources, cryptocurrency exchange FTX has sold nearly 10 billion US dollars worth of shares in the Grayscale Bitcoin Trust (GBTC) since the recent successful transformation of its GBTC fund into a Bitcoin spot ETF. However, according to CoinDesk’s data, FTX now owns almost all of the 22 million shares of GBTC.
