#BTC

The sale of Grayscale actually does not affect the market at all. Mainly because I want to collect everyone’s low-price chips!

1. The U.S. stock market opened from 22.30 to 5 o'clock. There was not much decline during this time period in the past two days. The decline was caused by retail investors being scared during the day and wanting to sell first. Other institutions such as Fidelity acquired retail investors' chips during the day, and Fidelity had already collected the coins before Grayscale went to work.

2. Grayscale’s customers are also leeks. Because Grayscale does not reduce the handling fee, customers have to sell, causing the currency price to fall, and other institutions can receive cheaper coins. (It is suspected that they are jointly selling the news, harvesting low-priced chips and going short at the same time)

3. Regarding ETF transactions, they are actually synchronous. Grayscale needs to recharge the coins to the exchange before the market opens. The customer sets the selling price based on the real-time price, and Grayscale helps sell, so that there will be no price difference! Grayscale is only used as an AI to understand the operation of exchanges and ETF spot (otherwise the customer sells for 42,000, and Grayscale can only sell 40,000 after a period of time. What should I do with this price difference)