NEW YORK – The Grayscale Belief ETF transferred the equal of $41 million to its trade platform yesterday as the worth of cryptocurrencies fell. The exchange-traded fund (ETF) motion got here at a time when Bitcoin's worth had fallen to $42,719.

This switch has raised questions in regards to the potential affect on Grayscale Bitcoin Belief (GBTC) redemptions.

Grayscale has not commented on the transfer or its timing in relation to the Bitcoin worth decline. Nevertheless, the correlation between this switch and the decline in Bitcoin costs is no surprise amongst market members who’re monitoring the scenario to gauge the potential affect on ETF methods and Bitcoin liquidity and market stability. It’s a topic of debate.

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