Grayscale Bitcoin ETF (GBTC) Plummets 11% Ahead BTC Mini Trust Distribution

Grayscale’s Bitcoin ETF (GBTC) experienced a significant drop of over 11% in the trading session today. This dip coincides with the record date for the spinoff of its new Bitcoin Mini Trust. The sharp decline in GBTC’s value marks a pivotal moment as investors react to the forthcoming transfer of a portion of GBTC’s BTC holdings to the newly established trust.