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#crypto #bitcoin #btc
So I reckon the main reason why crypto is down at the moment is uh selling from grayscale because even though we saw all these uh spot Bitcoin ETFs launch recently uh a lot of people have been selling out of grayscales one because it charges the highest fees and like I
Think that is causing a lot of sell pressure I think that a lot of that BTC will find its way into other ETFs but that process could take a while and apparently about 5 billion dollar worth of BTC has flowed out of grayscale and again that’s just because I think mainly
Because they’re charging the highest fees of all of those ETF issuers so I think you know $5 billion worth of selling pressure that is a lot and that I think is why the crypto Market is pretty down bad at the moment what do you reckon
10 Comments
Editing mastery that weaves a tapestry of storytelling with flawless precision.💕
Plus people are well aware of the plan to replace the current system with a crypto one. It's part of the elites goal.
You can tell NOBODY in crypto understands this because people don't talk about MONERO which is the ONLY crypto the elite can't eff with.
Peace.
Last day off the sell of was yesterday only up from here🎉
Just do a research about grayscale's gbtc trust over the past year, which converted to the current etf and you'll figure out why
sideways guy > front guy
BTC is the 10th largest asset by market cap.
Billions of BTC is traded per day, looking at OI there’s like 10bn positions open right now.
There’s a lot more people selling than just grayscale…….
Also ftx sold loads
Also heard Mt Gox may also put more BTC on market
ETF and leverage will make it easier to suppress BTC as it is done for Gold and Silver and ….
just wonder why CB come out with this news so late