[GBTC trading volume soared 400% after BlackRock applied for a Bitcoin ETF]

Data shows that the day before asset management company BlackRock’s ETF filing, GBTC’s daily trading volume was US$16.1 million. Just five days after BlackRock submitted its application, the trading volume increased to nearly US$80 million, a surge of approximately 400%. . In addition, since BlackRock submitted its application, GBTC has risen by nearly 37%, close to the high point of the year.

Rebecca Stevens, a research analyst at The Block Research, said that the optimism surrounding BlackRock’s successful bid for the spot Bitcoin ETF will pave a clearer path for Grayscale and their non-redeemable trust shares.

At that time, we will wait for some OTC funds from uncles and aunts to come in. That's about it. Now, what I mentioned last week is that it is difficult for the main force to enter the market with large funds, otherwise it can be pulled in at any time!