GBTC - Trump-Era White House Official Ties Grayscale Sell-Off FTX Unloading To Bitcoin's Slipping Price Amid Spot ETF Launch | Benzinga
SkyBridge Capital’s founder and Donald Trump-Era White House Communications Director, Anthony Scaramucci, pointed to a sell-off in Grayscale Bitcoin Trust (NYSE:GBTC) shares as a contributing factor to the Bitcoin’s (CRYPTO: BTC) price decline.
What Happened: During an interview with Bloomberg Television on Friday, Scaramucci said, “There seems to be a lot of selling of Grayscale,” as GBTC share owners liquidated their holdings following the conversion from a trust, spurred by the nod from the Securities and Exchange Commission (SEC) towards Bitcoin exchange-traded funds (ETFs).
Bitcoin achieved a surge, reaching $46,000 on Friday and even climbed to a two-year high of $49,000 on Thursday, after the launch of Bitcoin ETFs in ...