It is interesting that, in spite of the negative premium, Grayscale keeps adding BTC.
This week another $1 billion. The total AUM is nearing $50 billion.
https://cryptopotato.com/grayscale-adds-1-billion-in-bitcoin-nears-50-billion-in-total-aum/
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Maybe they are relying on the ETF to help solve the negative premium and by adding more BTC, it makes it easier for them to get approved.
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Well the BTC add is because people are still buying in especially institutions.
We will see how it all pans out. But I would imagine having a lot of BTC will help their ETF attempt.
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