Congratulations, according to my maths we have survived over 50% unwinding of GBTC. On Jan 10 GBTC held BTC619.187 and today they hold about BTC308.606 which is 49,8% from before the ETF was approved! They still proved supply pressure for few more months, but we're over the hump!
Didn't the CEO, leader, or whatever the hell Grayscale has say that fees would come down, and last week that outflows had already reached equilibrium, yet the outflows still continue at $100s of millions per day?
Something very strange going on there when you actively want to go out of business, don't give a crap about it and just spout lies continuously.
He claimed that they submitted to do a spin-off with lower fees, but I'll believe it when i see it. He might go down in history as ETF that lost the most from all of the ETFs ever! But the
BTC300k AUM they still have is no joke, with upcoming mining supply going down to
BTC450/day they can match that with their sell offs for 666 days.
Edit: Also, the inflows to all ETFs except for GBTC are dropping faster than outflows from GBTC. Meaning last weeks we had net outflow from all of the ETFs and looks like this week will be the same.
