You can follow/verify their coins on the blockchain?

Maybe this

Grayscale Transfers Almost 12,000 BTC To Coinbase, Bitcoin Price Reacts

In a significant development that could potentially impact the Bitcoin price, Arkham Intelligence data reveals that Grayscale, the manager and owner of the Grayscale Bitcoin Trust (GBTC), has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12.

Grayscale Bitcoin Trust Initiates Substantial BTC Outflow

According to the data, four days ago, Grayscale initiated the first batch of BTC outflows from their holdings to the US-based exchange in four separate batches, totaling 4,000 BTC, which amounted to approximately $183 million. However, the asset manager resumed outflows from the Trust to the exchange on Tuesday.

In a recent update, approximately three hours ago, the asset manager sent an additional 11,700 BTC to Coinbase, amounting to $491.4 million. This additional selling pressure could push the Bitcoin price to test lower support levels.

Furthermore, Bloomberg reports that investors have withdrawn over half a billion dollars from the Grayscale Bitcoin Trust during the initial days of trading as an ETF.

According to Bloomberg’s data, outflows from the Grayscale Bitcoin Trust reached approximately $579 million, while the other nine spot Bitcoin ETFs witnessed inflows totaling nearly $819 million.

Investors Shift Capital To ‘Lower-Cost’ Spot Bitcoin ETFs

James Seyffart, an ETF analyst at Bloomberg Intelligence, noted that investors may be profit-taking following the ETF conversion. The flow data provides valuable insights into the ETF’s performance following SEC approval.

Although over $2.3 billion of GBTC shares were traded on its first day, the outflows indicate that a portion of that volume was due to selling. Seyffart anticipates that a significant amount of capital will enter other Bitcoin exposures.

The outflows from Grayscale’s ETF were somewhat expected. Bloomberg Intelligence had previously projected that the fund would experience outflows of over $1 billion in the coming weeks.

Some of this outflow can be attributed to investors shifting towards more cost-effective spot Bitcoin ETFs. With an expense ratio of 1.5%, GBTC is the most expensive US ETF directly investing in Bitcoin. In contrast, the VanEck Bitcoin Trust, the second-most expensive fund, charges 0.25%.

On the other hand, other spot Bitcoin ETFs have witnessed net inflows. BlackRock’s IBIT attracted nearly $500 million in the first two days of trading, while Fidelity’s FBTC received approximately $421 million.

According to Bloomberg, these inflows suggest strong demand for Bitcoin exposure in physically backed ETFs, even beyond potential seed funding from the fund issuers. Bitcoin Price Finds Support At $42,000

Currently, the Bitcoin price remains unaffected by the news of Grayscale’s transfers to Coinbase. The leading cryptocurrency is trading at $43,100, showing a slight increase of 0.8% over the past 24 hours.

However, since the commencement of ETF trading, it is important to note that the Bitcoin price has experienced a significant retracement, declining by 8%. This decline can be attributed to profit-taking and selling pressure, with Grayscale’s involvement being noteworthy.

In the event of a further drop in the Bitcoin price, a significant support level has been established at $42,000. If this level is breached, the next key level for Bitcoin bulls to watch is $41,350, followed by a potential dip below $40,000.

The market is eagerly observing whether Grayscale and its BTC selloff will continue and how this will impact the Bitcoin price leading up to the scheduled halving event in April, which many consider to be the main catalyst for the year.

https://www.tradingview.com/news/newsbtc:c7e7f2339094b:0-grayscale-transfers-almost-12-000-btc-to-coinbase-bitcoin-price-reacts/

Nope. I never do this. So. Yes maybe that is the cause. So sorry for you man😥. Hope you get a new one soon 🙏👍

After 5 days still not available in the Store. Strange. Normally this takes less days. Anyway hope it will be there soon🙏

Since December 19th. And I have already done transactions with it.

No problems here since the upgrade.

💯. Be cool bro 👊

So sorry for you man.

I bought a good sale of the umbrel home server for $325 bucks.

Maybe you have luck and can also find one. I use my raspberry now for webserver only.

Anyway good luck 🙏

nostr:npub1n0afndp2aml2hjhkgr4ser9uxfpxhgfsq9v73fzztt8l9mprym4sul4l2a your lightning node is offline for several days now. Temporary I hope?

Meanwhile Peter Schiff being the same Peter over and over again:

Not a single mention about his prior calls:

#bitcoin #hodl

Ironically, Hayes' words are echoed by the SEC Chairman Gary Gensler, who finds that the Bitcoin ETF is contradictory to Satoshi Nakamoto's vision for his brain child.

That's 💯true of Gensler. I agree with that statement.

#bitcoin #etf

Bullish on #Amethyst

Indeed. I erased the chat already. I don't also trust fully where chatgpt gets his source from.... For me ETFs are not transparent to ever put a single penny in it. Not your keys not your coins.

ETFs are a hell of a drug.

ChatGPT4 gives this answer to your question:

Your understanding of the dynamics of an ETF (Exchange-Traded Fund) investing in a cryptocurrency like Bitcoin (where the denomination is in satoshis, or "sats") seems to be on the right track. Let's break down your example and address your big question.

In your scenario, you're considering an ETF where the underlying asset is measured in satoshis, and the value of these assets fluctuates with the price of Bitcoin. Here's how it works:

1. **Initial Scenario**:

- 100 shares in the ETF, with a total of 100,000 sats.

- The price of each sat is $2, so the total Net Asset Value (NAV) of the ETF is $200,000.

- Each share is thus worth 1,000 sats.

2. **Price Increase to $4/sat**:

- NAV increases to $400,000 (100,000 sats at $4 each).

- You buy 10 shares at this new valuation.

- The fund receives $40,000 and buys 10,000 new sats at $4/sat.

- Total shares: 110, Total sats: 110,000.

- Each share still represents approximately 1,000 sats.

3. **Price Increase to $5/sat**:

- Market price per sat increases to $5.

- $40,000 now buys fewer sats (8,000 sats).

- Total shares: 110, Total sats: 108,000.

- Each share now represents about 982 sats.

4. **Price Decrease to $2/sat**:

- Market price per sat decreases to $2.

- $40,000 buys more sats (20,000 sats).

- Total shares: 110, Total sats: 120,000.

- Each share now represents about 1,091 sats.

In this scenario, the value per share in terms of sats changes based on the market value of Bitcoin at the time of each transaction. The ETF does not maintain a fixed number of sats per share; instead, the number of sats represented by each share fluctuates based on the fund's total satoshi holdings and the number of outstanding shares.

Regarding your big question: **Is the price per share sold updated for the sats they acquire?**

- In most ETFs, the price per share that investors buy or sell at is based on the NAV per share, which is calculated at the end of each trading day. This NAV reflects the current market value of the underlying assets (in your case, sats) divided by the total number of shares.

- When new shares are issued (like when you bought 10 shares), the ETF uses the money to buy more of the underlying asset at the current market rate. This is then reflected in the NAV and, consequently, in the value of each share.

So, in essence, the price per share is indeed updated to reflect the current value of the assets the ETF holds, which in your scenario, is the number of sats and their current market value.

Today I found this about ETFs from Michael Saylor:

Jan 12, 202411:07 GMT+1

Founder and former chief executive of MicroStrategy, vocal Bitcoin proponent Michael Saylor, has taken to the X/Twitter social media platform to comment on the current substantial decline of the Bitcoin price and issue a call to the BTC community in an attempt to prevent a further drop.

In the meantime, small Bitcoin holders continue to sell BTC in order to get exposure to the newly approved spot Bitcoin ETFs.

Michael Saylor strives to stop BTC price fall

Saylor tweeted to tell his followers and the Bitcoin community overall not to sell their BTC. The approval of spot-based Bitcoin exchange-traded funds issued by the Securities and Exchange Commission earlier this week has provoked Bitcoin volatility, and the flagship cryptocurrency has been going down since many are now selling to profit on the first price increase, and many are selling to get free funds to invest in Bitcoin ETFs.

On Thursday, the price of the world’s leading crypto soared by 6.10%, reaching the $48,711 high. Immediately after that, Bitcoin plunged by 6.78%, hitting the $45,729 low.

You do not sell your #Bitcoin.— Michael Saylor⚡️ (@saylor) January 11, 2024

MicroStrategy seeks to raise more funds to buy Bitcoin

When he was the CEO back in 2020, in August of that year, Saylor introduced a Bitcoin-based course for MicroStrategy as the company sought a way out of a crisis. On Saylor’s command it began purchasing big chunks of Bitcoin on a regular basis and adding them to its balance sheet.

Several times, MicroStrategy issued bonds to buy more Bitcoin. The most recent BTC acquisition was announced approximately two weeks ago as the company purchased another 14,620 Bitcoins, with $615.7 million between the end of November and the end of December 2023. As of Dec. 27, the company holds 189,150 BTC worth a whopping $8,666,777,340. Per Saylor’s earlier statements, his goal is for the company to acquire a total of 1% of the Bitcoin’s overall circulating supply.

MicroStrategy is also looking to issue more bonds to raise another $750 million to increase its Bitcoin stash. Saylor is going for only Bitcoin, excluding other cryptocurrencies, even the second largest to Bitcoin, Ethereum.

In a recent tweet, another Bitcoin maximalist, Max Keiser, sent a shoutout to Saylor to give him kudos for “taking Bitcoin out of the s-coin gutter” and for “setting the stage for today’s ETF approval.”

I keep stacking the real stuff 👍. #bitcoin

This over 10 year article is at least interesting to read and maybe still valid.

Interesting times ahead.

https://www.smh.com.au/money/investing/whos-to-blame-for-great-gold-collapse-20130419-2i4pb.html

Look at the gold and silver price. Then look at at inflation. It has not been a good hedge against it. Most of of the gold and silver is being traded through futures and derivatives instead of the real commodity. Many topics can be found on this subject.

They though the same about gold and silver. Look what happened. Hope I'm wrong.