Grayscale GBTC's market value fell to the $16.5 billion range, and as of June 28, its holdings decreased by about 197 bitcoins from the previous trading day.

Grayscale's official updated data showed that as of June 28, Grayscale GBTC held 275,757.5888 bitcoins, while as of June 27, it was 275,955.3951 bitcoins, which means that the indicator decreased by 197.806 bitcoins from the previous trading day.

In addition, GBTC's asset management scale (non-GAAP) fell to $16,533,313,720.52, and the circulating shares decreased to 310,510,100 shares.