Just wondering if we have just witnessed the last round of outflows from GBTC.
Now that presumedly Genesis has finished selling, I can't see why anyone else should do so: New buyers are focusing on IBIT and FBTC, instead of the legacy fund. We might be near the bottom in GBTC.
just witnessed? its the weekend, buys(to dissolve shares and outflow coin holdings) die down at weekends
..also it was US spring break and about to be other countries easter break.. so expect slowdown. even traders need a holiday
also GBTC buyers(to then request dissolving shares to move coin out to exchanges(outflows) to then move into other etf(inflows)) are not done by end user investor buyers of shares (meaning not done by your grandparents, your parents, your pension)
its actual 100% AP(brokers(agents/sponsors)).. emphasis, not your grandparents.. not end investors