The entire currency circle seems to be shrouded in Grayscale’s fear of selling pressure! But how many people really know what happened?

Grayscale is just a custodian. After the trust is converted into an ETF, the redemption of GBTC shares has nothing to do with Grayscale. It is all the wishes of the share holders. As an ETF fund manager, Grayscale has no influence on the holders' decisions. , the holder wants to redeem, Grayscale only has the right to perform the operation.

【reason】

Because the fee rates of Grayscale Trust and other Bitcoin ETFs are quite different, Grayscale’s annual management fee is about 1.5%. However, in order to attract investment through ETFs, Ryder and Fidelity currently set management fees of only 0.2% respectively. And 0%! ! What a concept!

For example: you previously hosted 10 million US dollars in Grayscale, and you had to pay 150,000 in management fees! You are very unhappy, now you just need to switch to BlackRock, you only need 2,000 US dollars in management fees a year! ! What would you do, of course, is to abandon Grayscale, then you can choose to sell your GBTC shares and switch to other ETFs. Since all ETFs are redeemed in cash, when selling GBTC shares, you cannot choose to sell them for Bitcoin, but can only sell them for US dollars, which will inevitably bring about selling pressure and reduce the price. As for whether you will join BlackRock immediately and when, that is a matter later!

So the current market situation is shrouded in this dark cloud! Everyone is afraid of Huidu smashing the market, the whole story! Probably so

But all the negatives may be positive! At least for those of you who are in the air, this may be a good opportunity to enter the market!

The trend of the next bull market is finally unstoppable!

In terms of inscriptions, it must be the next main line of the bull market. If you are optimistic about adding positions at low prices, you must choose those with good communities and leading effects! Except for the 3 giants of BRC ordi.sats.rats.! Public chain inscriptions should not be underestimated! In the bull market, there will definitely be exceptions. For example, Fans, the leader of the FTM public chain, has more than 20,000 currency holding addresses, has a good community foundation, and has a market value of about 1 million. If the bull market comes, the market value can reach at least 1/10 of the public chain. Around 100-300 million US dollars! About 100-300 times! Okay, that’s all!

Thank you for reading! #FANS #ORDI/USDT #SATS1000