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RE: Grayscale sees largest single day inflow of Bitcoin ever

in LeoFinance3 years ago

Yea I guess it is possible, though it hasn't happened yet, ever. This setup is exactly how Blockfi pays the interest that it does. It uses the bitcoin that clients loan to them, then exchanges them for shares of gbtc and sells the shares after 6 months and locks the premium. It's not a perfect plan as bitcoin moves around quite a bit during those 6 months though.