Dude Grayscale has been around for a little over a decade. A lot of the holders are fiat-brained Wall Street chodes. Some of them are sitting on a 30,000% profit and have been waiting years for an ETF conversion so they can cash out. To them it's just another asset class to be traded for dollars.
for sure. That also.
on top of all the people that bought GBTC at a discount to nav.
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