Did some #Bitcoin ETF math. In 26 trading days, they stacked 273,350 #BTC or 10,513.5/day. At the current epoch rate (900/day), that is 11.7 days of mining supply purchased. At the next epoch rate (450/day), that would be 23.4 days of mining supply purchased every day.
Discussion
Extrapolating that out, if demand remained consistent into the next epoch, they would wipe out an entire year of mining production in 15.6 days. Math: 450/day x 365 = 164,250 / 10,513 = 15.6.
Once Grayscale runs out of supply or levels off, this sumbitch should run wild.
