Grayscale decreased its Bitcoin holdings by 52,227 BTC valued at $2.14 billion.
This divestment followed the recent approval of spot Bitcoin ETFs by the SEC.
At the moment, Grayscale is holding 566,973 BTC worth $23.21 billion.
The Grayscale's move to sell such a substantial portion of its BTC holdings ignited significant speculation among the members of the crypto community.