Grayscale’s share of the Bitcoin ETF market fell below 50%.
According to Dune Analytics, as of March 12th, the total assets under management (AUM) of Grayscale Bitcoin Trust Fund (GBTC) plummeted to $28.5 billion, with Grayscale currently accounting for 48.9% of the total assets of 10 US Bitcoin ETFs holding $56.7 billion. Since the US spot Bitcoin ETF began trading on January 11th, Grayscale's share in the Bitcoin ETF market has fallen below 50% for the first time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x CNPY: Trade to share 75,000 USDC
New spot margin trading pair — CP/USDT, SOPH/USDT!
Futures elite trader leaderboard fully upgraded
Bitget to list Pons (PONS)
Crypto prices
More
