Unusual Whales

Following all the market activity, big or small, and reporting on it. Financial journalism isn't dead in the ocean.

FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust since it was converted into an exchange-traded fund earlier this month, taking FTX's GBTC ownership down to zero

FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust since it was converted into an exchange-traded fund earlier this month, taking FTX's GBTC ownership down to zero, per Reuters. FTX has reportedly divested nearly $1 billion in Grayscale Bitcoin Trust (GBTC), selling
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