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/biz/ - Business & Finance

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57328663 No.57328663 [Reply] [Original]

>etf is coming!
>etf is gonna make us moon!
>etf, etf, etf, ETF, ETF!!!!!!!!!!!
And we have been crabbing ever since it came out.
Can't make this shit up lol.

>> No.57328677

>>57328663
anyone who didn't think this was priced in after the last upwards movement should just give their money to me since they are just going to lose it elsewhere anyway

>> No.57328992

it's gbtc selling off due to high fees and bagholders finally getting to parity with the true value of what was held in the trust. the good news is we know why it's moving, the bad news is grayscale has an absolute shitload of coins still and because they have high fees people will keep selling. Many will buy back, but some won't. Then you have the inflows, which do exceed the outflows - but those are being pulled from a stash these fuckers squirreled away or from OTC. If you believe glassnode data, the amount availabe OTC and on exchange is relatively low, but the outflows from gbtc could go on for a long time. I wonder if blackrock has bought any btc from grayscale or if they have enough of their own from the miners they bought. hmmm