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CoinGape
2024-02-16 21:38:52

Bitcoin ETFs Add $701.8M in BTC as Grayscale Cuts Back

Bitcoin ETFs Add $701.8M in BTC as Grayscale Cuts Back

Eight Bitcoin ETFs have significantly bolstered their holdings in the cryptocurrency, amassing an additional 13,460 BTC in a single day, translating to an injection of approximately $701.8 million into Bitcoin. This development is juxtaposed against the decision by Grayscale, a leading digital asset manager, to reduce its Bitcoin exposure by 2,555 BTC, valued at around The post Bitcoin ETFs Add $701.8M in BTC as Grayscale Cuts Back appeared first on CoinGape .

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