This data was shared by popular cryptocurrency journalist and blogger Colin Wu on his X account. Wu specified that Grayscale’s ETF, GBTC, lost $53.1 million in a single day. BlackRock’s ETF IBIT faced an outflow of $1.4791 million. However, currently, IBIT holds a total of $17.643 billion in BTC holdings.
Over the past five days, Grayscale has lost $232 million. This is still less than what has been lost by Fidelity (FBTC) over the same period of time — $413 million.
These outflows have been taking place while, this week, the world’s flagship cryptocurrency, Bitcoin, gradually plunged by nearly 5.2% as it lost the $67,000 price level. At the time of this writing, BTC is changing hands at $63,880.
In the last year, he traded large amounts of BTC twice, making a healthy profit on each those trades — more than $30 million overall.
In one of these large trades, the trader purchased 718 Bitcoins between August and November last year at roughly $29,385 and then sold them at $41,953 in December, earning $9 million (+43%).
The second trade concerned the 1,181 BTC he bought between February and May 13 this year. The whale sold this Bitcoin on May 27 and June 20, earning $21.2 million (+37%).
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
