Why did Grayscale continue to sell out after the ETF was approved? Here is a brief description. If there are any questions, please correct/add:
1. Before the ETF was passed, Grayscale was a GBTC trust, which was a closed model. It once had a negative premium of 50%. With the passage of the ETF, it can be traded freely. Now it has basically returned to value, so it was bought at a low or high negative premium. Users, after converting to ETF, can cash out and make profits at will.
2. Comparing the fee rates of various ETFs, Grayscale 1.5% ranks first. Do you want to swap positions to other ETFs that are approximately equal to 0? Of course, these users may just change positions.
