The circulating shares of Grayscale Bitcoin Trust (GBTC) have dropped below 400 million, a decrease of over 20% in the past month

According to Golden Finance, Grayscale has updated its holdings data for the Bitcoin ETF. As of March 21st local time, GBTC's Bitcoin holdings have decreased to 355,759.1958 BTC, and the asset management scale (non-GAAP) has increased to $23,238,037,693.57. The number of outstanding shares has dropped below 400 million to reach 398,970,100 shares currently held per share approximately 0.00089169 BTC. Historical data shows that the number of circulating shares of Grayscale GBTC fell below 500 million on February 27th which means that in less than a month its circulating shares have decreased by over 20%.