📈 Grayscale’s spot Bitcoin ETF market share falls to 50% 📉

Grayscale’s slice of the Bitcoin ETF pie has fallen below 50% for the first time since it was converted alongside the launch of nine new ETFs in January.

💻 Crypto asset manager Grayscale’s spot Bitcoin exchange-traded fund (ETF) has fallen below 50% market share for the first time since spot Bitcoin ETFs began trading in the United States on Jan. 11.

💼 As of March 12, the total assets under management (AUM) in the Grayscale Bitcoin Trust (GBTC) slumped to $28.5 billion — with Grayscale now accounting for 48.9% of the total $56.7 billion held between ten U.S. Bitcoin ETFs, according to Dune Analytics data. #BTC🔥🔥🔥🔥 w