GM Wall Observers, a small pump back to $66,000. The halving has passed now, hopefully GBTC selling is slowing right down now that they have created a new mini ETF with 0.15% fees.
GBTC outflows 35millions today:
They are slowing down.
The key assumption is liquidity. If the new GBTCmini has the same liquidity as the GBTC, then it will be a winner; otherwise, it's nonsense.
But the huge seeding is a step in the right direction.
If they seed it with
BTC60k as they plan, that should provide plenty of liquidity as money makers just need to keep premium/discount to NAV to a minimum. Furthermore, with 0,15% fees they'll have the lowest fees from all ETFs (after teaser rates expire), so i'm actually expecting inflows to mini and outflows to the mothership.
This week should give us a glimpse of what it'll be like once GBTC runs out of BTC.
