CoinDesk - Over $2 billion in Grayscale Bitcoin Trust shares sold after conversion to ETF, with FTX dumping $1 billion and bitcoin price struggling

https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/

Over $2 billion worth of Grayscale Bitcoin Trust shares have been sold since its ETF conversion, with FTX's bankruptcy estate accounting for a significant portion.

Despite optimistic hopes for bitcoin ETFs, the price has fallen and investors remain cautious.

While FTX's substantial sale is over, concerns about the trust's premium and bitcoin's volatility linger.

Beware of Bitcoin dump!!