Grayscale Bitcoin ETF (GBTC) Plummets 11% Ahead BTC Mini Trust Distribution

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Grayscale's GBTC Bitcoin ETF is suffering from a massive decline in today's trading session as the market reacts to the impending distribution for the BTC Mini Trust.

Highlights

The Grayscale Bitcoin ETF has seen a 11% decline today.

The drop comes in response to the BTC Mini ETF initial distribution scheduled for today.

Grayscale has also seen humungous outflows from its Spot Bitcoin and Ethereum ETFs.

Grayscale’s Bitcoin ETF (GBTC) experienced a significant drop of over 11% in the trading session today. This dip coincides with the record date for the spinoff of its new Bitcoin Mini Trust.

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