Why is Grayscale trying so hard to redeem GBTC? There is a saying that if GBTC is replaced by BTC ETF, who can tell me the difference?

Data: Grayscale has transferred a total of 266,470 BTC since January 11 for GBTC redemption

On March 24, Arkham stated on social platforms that since GBTC was traded as an ETF on January 11, Grayscale had transferred 266,470 Bitcoins out of the wallet for GBTC redemption. At the current redemption rate, GBTC will redeem all the Bitcoin it holds in 96 days.

It is reported that at the beginning of this year, Grayscale’s Bitcoin Trust Fund GBTC held 618,280 BTC, and now only holds 356,440 BTC.