Bracebridge Capital has become the leading holder of ARKB and IBIT spot bitcoin ETFs, with investments valued at $434 million, including ownership in Grayscale's GBTC as of March 31.
Grayscale GBTC led the outflows from Bitcoin spot ETFs with a loss of $79.38 million, resulting in a historic total net outflow of $16.46 billion. Conversely, BlackRock ETF IBIT experienced a net inflow of about $25.78 million.
Genesis Global Capital has sold all its Grayscale GBTC shares to buy 32,041 BTC, aiding its bankruptcy repayment plan. However, its parent company, DCG, opposes the plan, believing it unfairly favors senior creditors. Meanwhile, Bitcoin's price shows positive movement ahead of the upcoming halving.
