The entire Crypto Community seems to be shrouded in grayscale selling fear! But how many people really understand the whole story?

Grayscale is only a custodian, and the redemption of GBTC's shares after the trust is converted to ETF is nothing to do with Grayscale, it is the will of the share holders themselves, and Grayscale, as an ETF fund manager, cannot influence the decision of the holders at all, and the holders want to redeem, and Grayscale only has the share to perform the operation.
【Reason】
Because the fee rate of Grayscale Trust and other Bitcoin ETFs is quite different, the annual management fee of Grayscale is about 1.5%, and the current management fee rate set by Ryder and Fidelity through ETFs is only 0.2% and 0% respectively in order to attract investment!
For example, before you managed $10 million in Grayscale, you had to pay 150,000 in management fees! You were very unhappy, now you only need to switch to BlackRock, and you only need $2,000 in management fees a year!! What will you do, of course, is to abandon Grayscale, then you can choose to sell GBTC shares and switch to other ETFs. Since the ETF is all cash redemption, it cannot choose to sell for Bitcoin when selling GBTC shares, but only for US dollars, which will inevitably bring selling pressure and drop the price. As for whether you will enter BlackRock right away and when, that's a matter for later!
Therefore, the current market is shrouded in this dark cloud! Everyone is afraid of grayscale smashing, and the whole thing is the ins and outs! Probably so
But all the Unfavourable Information may be Favourable Information! At least the little partner who Miss Out 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 main line of the next Bull Market, optimistic about dips and positions, must choose the community good and leading effect! In addition to BRC's 3 giants ordi.sats.rats! The inscription of the public chain should not be underestimated! In the Bull Market, it must be able to make a big difference, such as the FTM public chain inscription leader Fans.Holding Address is more than 20,000, there is a good community foundation, the Market Cap is about 1 million, if the Bull Market comes, the Market Cap can reach at least about 1/10 of the public chain, that is, 1-300 million US dollars! About 100-300 times!Okay, that's it!
Thanks for reading! #FANS # #sats#