#热门话题

JPMorgan asserts Grayscale Bitcoin Trust sell-off is over as U.S. Bitcoin ETF experiences record net outflows

analyze:

The thing about Huidu smashing the market at work may be a thing of the past

1. The investment method of Bitcoin spot ETF is very popular in the market. Since its adoption, the market has inflowed about US$1.2 billion.

2. Grayscale's selling is a normal phenomenon. After all, products that have been around for several years have just been opened for redemption, so selling is a normal phenomenon. Previously, Grayscale’s GBTC negative premium rate once reached about minus 50%, and is now about minus 6.5%. The market will not be concentrated in the darkness before dawn.

3. Grayscale’s management fee is 2% and BlackRock’s is 0.3%. Grayscale has a large outflow and BlackRock has a large influx. Is there a transfer of custody?

4. The Bitcoin ecology is booming this time, which undoubtedly brings great confidence in the future value growth of Bitcoin. Therefore, long-termists are unlikely to give up holding Bitcoin in any way.