GBTC continues to bleed bitcoin...

We knew there would be some rotation out of GBTC, but did we know it would be this large?

GBTC has lost some 153,000 bitcoin in the last month since they launched:

(Source: https://twitter.com/BitcoinNewsCom/status/1756399713966800924/photo/1)

The rate of decline appears to be slowing, which is good, though there is one very large seller still left...

Genesis is seeking approval to dump their GBTC shares which is valued at roughly $1.5 billion at current prices.

GBTC cannot cut their fees because they owe a bunch of money to several people.