Swan Bitcoin Director: The size of the US government’s planned $118 million BTC sale is minuscule compared to GBTC outflows
On January 26th, Swan Bitcoin board member Steven Lubka and many others believe that the planned auction of $118 million worth of Bitcoin by the US government is "insignificant" compared to the outflow of funds. Lubka wrote on X platform: "This morning, the outflow of funds from GBTC was four times this amount." It is reported that the last known sale operation by the US government was in March 2023, selling 9,118 Bitcoins.
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