It looks like Grayscale is starting to drop its share of $BTC sales. This company had a financial instrument in place since 2013, something akin to an ETF, but by legally becoming an ETF, Grayscale has followed the strategy of selling on the news and sells some of its Bitcoin holdings.
Despite that, it remains the largest ETF so far, although BlackRock may have an even larger ETF in the future.
One of the disadvantages of Grayscale is its high ETF fees.
The daily chart shows a recovery in price following a bullish divergence, which would mean that Bitcoin is likely to hold above 42,000 tomorrow.
