It is certain that Bitcoin will fall below 60,000 this time
Grayscale has been dumping Bitcoin since the first day!!
Everyone only thinks about Mentougou, and has never thought that Grayscale will dump Bitcoin. Brother Niu will tell you why Grayscale wants to dump Bitcoin recently!! 1
Grayscale has been dumping Bitcoin recently, and the reasons are probably as follows:
First, Grayscale's Bitcoin Trust Fund has a high handling fee of 1.5%, but the handling fee of spot Bitcoin ETFs of institutions such as BlackRock and Fidelity is only about 0.3%. So no one wants to buy Grayscale, but buys from other institutions, which makes Grayscale have to sell Bitcoin to cash out to users, because it is now settled in cash.
In addition, people who bought Grayscale's Bitcoin Trust Fund before, because the price was low when they bought it before, now the price has risen, they want to sell it to make money.
However, you should know that Grayscale is quite famous in the cryptocurrency market, and its Bitcoin Trust Fund is a bit special. You cannot redeem the shares immediately after buying them, and you have to lock them for a period of time, and Grayscale also charges management fees. Some people use cash or Bitcoin to participate in its primary market private placement to buy shares. In the secondary market, the supply and demand and price differences of this fund will affect the price of Bitcoin.
Buy BTC from other platforms when the price is right, because the interest rate cut is destined to skyrocket. The current loss is not at the same level as the future gains. Don't sell it if you have spot.
