The Bitcoin spot ETF in the United States has been online for 50 weeks, and BlackRock's IBIT has fully absorbed the selling pressure of Grayscale's GBTC
The holdings of BlackRock's IBIT have increased from 2,621 Bitcoins in the first week to 552,555 Bitcoins, fully absorbing the selling pressure of Grayscale's GBTC, whose Bitcoin holdings have decreased from 619,200 Bitcoins in the first week to 206,860 Bitcoins.
Grayscale's BTC holdings have been decreasing, while BlackRock's have been increasing, just like the current market situation, where both bulls and bears are acting foolishly.
Who do you think will be the ultimate winner?
