In fact as I alluded to above, it may also help remove some of the liquidity from the spot bitcoin markets, which would actually be a boon for prices.
I'm not really getting this part m8, can you explain in a more detailed way? How will shares in GTBC decrease the liquidity from the spot bitcoin market?
Maybe the lango is to complex for me with my current knowledge 🤔
Well you are converting bitcoin for shares. Those bitcoin are then locked up by the GBTC trust. This reduces the supply of freely trading bitcoin in the spot markets.