ChainCatcher news, according to HODL15Capital monitoring, in the past 19 weeks, Grayscale's GBTC holdings have decreased from 619,200 to 289,426, while BlackRock's IBIT holdings have increased from 2,621 to 276,760.

ChainCatcher message, Coinglass data shows that the current Grayscale GBTC negative premium rate has narrowed to 5.51%, and the ETH trust negative premium rate is 13.23%. In addition, the Grayscale SOL trust premium rate is 312.99%, and the LINK trust premium rate is 301.88%.

ChainCatcher news, Bloomberg ETF analyst James Seyffart stated that Grayscale has submitted a new S-3/prospectus for the conversion of GBTC to an ETF, with the biggest update being the plan to change the code from "GBTC" to "BTC." This move confirms that Grayscale is negotiating with the SEC and is updating/changing its product documentation after discussions and feedback with the SEC.