According to PANews, Grayscale GBTC currently holds 285,126 BTC, a decrease of more than 50% from the 620,000 BTC it held when it converted to a spot ETF on January 10, 2024. This information was monitored and reported by HODL15Capital. The significant reduction in BTC holdings indicates a shift in Grayscale GBTC's investment strategy or possibly a large-scale sell-off. However, the specific reasons behind this decrease have not been disclosed. Further updates will be provided as more information becomes available.
Grayscale GBTC's BTC Holdings Decrease By Over 50%
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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