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So whereas the brand new spot ETFs have gathered greater than 94,000 bitcoin and $3.9 billion in belongings below administration (AUM) since opening for commerce (knowledge by way of Jan. 19), the bears are mentioning that 53,000 of these tokens could be GBTC holders shifting their cash into the decrease value autos. (GBTC prices a 1.5% administration price, no less than 1 proportion level greater than practically the entire new funds.)
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