Bitcoin Price is dumping as people are dumping their GBTC shares.
— Ran Neuner (@cryptomanran) January 12, 2024
GBTC held $25bn+ worth of Bitcoin that has been locked up for years with no option to be sold. As soon as the redemption option opened, for the first time people are starting to exit - as they exit the Bitcoin… pic.twitter.com/EqHgpHyVdd