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RE: LeoThread 2024-01-21 04:53

in LeoFinance • last year

🧵 1. Grayscale CEO defends high fee for Bitcoin Trust ETF, citing its position as the largest bitcoin fund with a $25 billion asset base. #crypto

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    🧵 2. Grayscale's CEO predicts only 2-3 of the recently approved 11 spot Bitcoin ETFs will survive, questioning competitors' commitment and track record.

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      🧵 3. Grayscale stands out by actively selling Bitcoin instead of accumulating, raising questions about its market strategy's impact on the broader ETF landscape.

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        🧵 4. Fee war ignited in the spot Bitcoin ETF market as issuers compete for investors' favor. Industry experts anticipate consolidation and lowered fees in the future.

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