SignalPlus Macro Research Report (20240123): Continuous Outflow of GBTC Funds, FTX Sells Shares
Cryptocurrency continues to perform poorly, with BTC prices dropping nearly 20% from their peak since the ETF launch. As funds continue to flow out of GBTC, spot prices have fallen below $40,000. Reports indicate that the bankrupt FTX has sold two-thirds of its stake in Grayscale Trust (through Marex Capital Markets).