Grayscale down by about 1/3? Do their selling might be completely done in a month… right at halving… when all the stars align.
Discussion
One more time, by not cutting fees to match others GrayScale would break even with a 80% loss. It is just math and understanding cannibalism and hence not self cannibalizing.
Making the same money with less customers is > making the same or less money with more customers.
Agreed, just seems they are a major factor selling. I’m just saying their time is running out, regardless.