The Bitcoin Spot ETF could create a lot of sell pressure.
Here is why:
If you're looking to speculate on the impending Bitcoin Spot ETF approval, a logical move would be to invest in $GBTC. Currently, you can acquire Bitcoin at a 17% discount.
The fund has more Bitcoin than its actual market value represents. Grayscale Bitcoin Trust (GBTC) holds 636,696 $BTC. That's why you have a discount.
If you're aiming to speculate on the upcoming ETF approval, GBTC is a viable option to consider.
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The Bitcoin Spot ETF could create a lot of sell pressure.
Here is why:
If you're looking to speculate on the impending Bitcoin Spot ETF approval, a logical move would be to invest in $GBTC. Currently, you can acquire Bitcoin at a 17% discount.
The fund has more Bitcoin than its actual market value represents. Grayscale Bitcoin Trust (GBTC) holds 636,696 $BTC. That's why you have a discount.
If you're aiming to speculate on the upcoming ETF approval, GBTC is a viable option to consider.
Once the ETF gets approved, there's potential to offload it for a profit margin of at least 20-30%. This implies that the 636,696 Bitcoins that Grayscale possesses might become available in the market.
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