News Explorer — Grayscale Bitcoin Trust Could Run Out of Bitcoin in 96 Days: Arkham

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Mar 25, 6:26 am

Unchained Crypto

Grayscale Bitcoin Trust Could Run Out of Bitcoin in 96 Days: Arkham

Grayscale Investments' Bitcoin Trust (GBTC) could run out of bitcoin to sell in just 96 days at the current rate of redemptions, according to blockchain analytics firm Arkham Intelligence. GBTC has seen a significant decrease in its bitcoin holdings, from 618,280 BTC in January to 356,440 BTC in March. On the other hand, BlackRock's iShares Bitcoin Trust (IBIT) is experiencing daily inflows of 4,120 BTC, potentially surpassing GBTC's total holdings in two weeks.

Grayscale Investments' Bitcoin Trust (GBTC) could run out of bitcoin to sell in just 96 days at the current rate of redemptions, according to blockchain analytics firm Arkham Intelligence. GBTC has seen a significant decrease in its bitcoin holdings, from 618,280 BTC in January to 356,440 BTC in March. On the other hand, BlackRock's iShares Bitcoin Trust (IBIT) is experiencing daily inflows of 4,120 BTC, potentially surpassing GBTC's total holdings in two weeks.

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