The big outflow might maybe point out that crypto lender Genesis began or ramped up the tempo of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis obtained chapter court docket approval on Feb. 14 to promote 35 million GBTC shares – then price $1.3 billion, now roughly $1.9 billion – however outflows from GBTC had been muted over the previous two weeks till Thursday’s spike.
