In less than one month, total Bitcoin held is falling around 1000 BTC. It sounds as a big amount but for Grayscale the amount is only 0.15% of total Bitcoin they are holding.
Not a big deal. GrayScale in many months bought the amount of Bitcoin that is bigger than total Bitcoin was mined by miners each month.
Not a big deal. They will come back to buy all monthly mined Bitcoin.
HODL??
What happened to what is good for thee, is good for me?
Aren't we all told to HODL? Isn't the 1st commandment from 'lord NSA-Satoshi'?? It's on the tablet "Thou shall HODL"
Yet, here we have the first real BTC-ETF and you tell us they're selling? Selling BTC?? Unheard of
Sounds like BTC-ETF graybeard were the lucky pirates to sell out at the the ATH
How can they call themselves "BTC-ETF', if they don't 110% HODL forever?
Not a big deal. GrayScale in many months bought the amount of Bitcoin that is bigger than total Bitcoin was mined by miners each month.
Isn't this the big argument on whales, that they can make these huge moves, so say you had a whale, with a months worth of all mined BTC on earth, and just easy-peasy dumped at on the market as it wished, wouldn't it create enormous volatility, what if the same whale bought futures? and/or calls & puts? What if your were an insider and knew ahead? What if you were a front-runner and knew the king-whales next move? Remember soon we will have USA BITCOIN ETF's and then things will get super engineered, to take USD from 'weak-hands'
Seems like bitcoin scammers have taken common robbery to even higher levels.
Not a big deal? Say what? To sell Bitcoin, is to Hate Bitcoin; To hate bitcoin is to hate God
This is 'HATE' so say the pump&pump bots here 24/7
All know that these ETF's have a time-loss value, so say HODL this crap and you can only lose money, but the entire point of these 'vehicles' is so you can 'trade' without using a exchange, and they automatically collect taxes for the GOV.
Ya'll lose money, but at least it doesn't get stolen as like on an exchange. Here at least you can file a complaint with the SEC, unlike the exchange, you can't call anybody, well except that exchange that doesn't answer the phone.
The irony is if this fund actually believed in BTC, they would HODL, the fact that they sell out to 'clear' their fee's shows they prefer FIAT over Bullshit Cryptos. That they only play the Crypto game to recycle fools money. Churn on Garth, and remember the house keeps all.
[moderator's note: consecutive posts merged]