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Grayscale's #Bitcoin holdings plummet by 2/3rds (Patreon)

Published:
2024-09-07 17:57:41
Imported:
2026-06
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Content

Nearly 400,000 BTC drained since Jan 11

That's almost 2/3 of their stash... GONE

Fees really do matter!

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Comments

CaesarFomonus

BlackRocks interests have been active in the space all along. No carrot on a stick is needed for the pleb lemmings when you up and leave for your own gig leaving a grenade behind in the form of unchanging fee-structures. Keep them there for when you need something to point at for plausible deniability-reasons. On some lvl Greyscale was BlackRock all along. Lol, sorry, Im just making up my own conspiracy take...

Robert Ditton

What are the chances of miners becoming part of the energy grid/sector

RAM

Despite the 2/3 (10% was transferred to BTC) they are still crushing it in fees. With fees 6 times higher than IBIT and FBTC at current levels Grayscale is collecting ~6 years worth of fees compared to IBIT. That money can be put to work making a higher return in the market.

BTCMiike

At some point we will not be talking about greyscales BTC sales any more and i will be glad when that day comes. I have been splitting my funds between ARKB & IBIT although i like the ways Arks Bitcoin ETF tracks the asset @ 1/1000 of the daily coin Price That makes it much easier than the others to know what your holding. GL2ALL Miike

John Scott Card

My guess, it was nearly all Blackrocks to start with.

Mikey D

I believe it has nothing to do with fees. There was a back room deal with Blackrock/ wall st. Fees were kept high, Grayscale selling has kept price suppressed, and Blackrock etc. has been able to buy at these lower levels. Why would Grayscale intentionally ruin their business.

Bread Man

There putting up TV commercials now, probably in hopes of stopping the 🩸.

WWJamesD

James if and when Grayscale gets a Solana ETF they will more than likely DUMP like they did BTC and ETH should we be looking to take profit on Solana since we know to expect price to decrease due to mass selling from Grayscale?

Kenny

With the shift from Grayscale to Blackrock who now have a strong control of BTC futures…not looking good.

Srinivasan Renganathan
>>148802658

i am hoping that SOL doesn't get US listed ETF this cycle. we can make our money without all these scum bags mudding our pot.

Cookie
>>148799466

Îve been thinking the same since day 1!! Impossible that Greyscale flops like that. The highs fees is just smoking mirrors. Its a disguise. They have a deal with blackrock for sure.

Commander Beamish

Bulls make money Bears make money Pigs get slaughtered