Replying to Avatar Arceris

It’s worse than that. They could construct a hedged short. Sell the GBTC, then buy the other ETFs (or raw BTC). Then they’re market neutral but still putting pressure on GBTC. Can go much bigger on that?
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FTB 1y ago

Yeah exactly. I think that Blackrock (or maybe it’s the AP’s?) is intentionally killing Grayscale. Freeing up the coins, shorting it to oblivion, only letting the price go up so fast.

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