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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 30.8M | 4.68M | 6.58 |
| Aug 31, 2026 | 30.19M | 6.29M | 4.80 |
| Aug 14, 2026 | 27.16M | 7.32M | 3.71 |
| Jul 31, 2026 | 28.34M | 5.91M | 4.80 |
| Jul 15, 2026 | 27.04M | 6.4M | 4.22 |
| Jun 30, 2026 | 29.01M | 7.67M | 3.78 |
| Jun 15, 2026 | 25.43M | 9.31M | 2.73 |
| May 29, 2026 | 23.89M | 4M | 5.97 |
| May 15, 2026 | 23.58M | 5.04M | 4.68 |
| Apr 30, 2026 | 24.01M | 5.83M | 4.12 |
| Apr 15, 2026 | 25.77M | 5.64M | 4.57 |
| Mar 31, 2026 | 25.74M | 5.58M | 4.61 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe Galaxy Digital shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.