Bybt data reveals that Grayscale's Bitcoin Trust (GBTC) will unlock around 41,800 BTC in mid-to-late July. The bulk of this unlock (nearly 34,900 BTC) will occur between April 13–20, with the largest single-day release scheduled for July 18 (16,200 BTC). Additionally, approximately 7,370 BTC will be unlocked in August.
Key Details About GBTC Unlocks
- Total July Unlock: ~41,800 BTC
- Peak Unlock Day: July 18 (16,200 BTC)
- August Unlock: ~7,370 BTC
Background on GBTC’s Negative Premium
Grayscale Bitcoin Trust halted new investments in March 2021, leading GBTC to trade at a persistent negative premium. In May, this premium dipped below -20%, though it has since recovered to around -10%. Due to GBTC’s 6-month lockup period rule, no further unlocks will occur after September unless new investments resume.
Why This Matters
Large-scale BTC unlocks can impact market liquidity and price volatility. Investors closely monitor these events to gauge potential selling pressure from institutional holders.
FAQ: Grayscale Bitcoin Trust Unlocks
Q: What causes GBTC’s negative premium?
A: The premium turned negative after Grayscale paused new investments, reducing demand for GBTC shares while supply increased post-unlock.
Q: How does the unlock process affect Bitcoin’s price?
A: While unlocks don’t guarantee immediate selling, they increase circulating supply, which may contribute to short-term price fluctuations.
Q: Will GBTC unlocks continue beyond September 2021?
A: No—unless Grayscale resumes new investments, all locked shares will be released by September due to the 6-month rule.
👉 Explore Bitcoin investment strategies to navigate market shifts post-unlock.
👉 Learn how institutional unlocks influence crypto markets with expert insights.
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