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GBTC counteracts only one third of the inflow, and the net inflow is still massive. So there must be other counteracting forces that result in this correction. I think one might be risk-off whales according to on chain metrics.
GBTC counteracts only one third of the inflow, and the net inflow is still massive. So there must be other counteracting forces that result in this correction. I think one might be risk-off whales according to on chain metrics.
Please check out our latest research letter sent this morning with updated GBTC stats and our overall take on inflows/outflows!