While Grayscale’s GBTC led, this is likely due to existing investors selling shares, Bloomberg analyst Eric Balchunas explained in an X post. GBTC, introduced in 2013, is the world’s largest bitcoin investment fund and was converted into an ETF from a closed-end structure after Wednesday’s regulatory approval.
GBTC, IBIT Top Bitcoin (BTC) ETF Volume Ranking as Products Debut
