The $BTC market drop was not caused by Grayscale, Grayscale just channeled sentiment. Grayscale's sell-off, I prefer to call it a replacement. Exchange Bitcoin for U.S. dollars over the counter at BlackRock and other institutions. Why are more than 600 million US dollars transferred every time? Its purpose is to balance the price of replacement. Avoid efforts such as Grayscale to raise prices and ship products all at once. To put it simply, it is similar to our fixed investment. This is a constraint for both parties.