The Forge NFT Sale is open 
#On-Chain Activity

So, the price drop. I had this question a couple of times now and was wondering if it's still because of Grayscale selling. In short, it is.

After their little talk with the SEC, Grayscale got an agreement on a ETF. The FTX bankruptcy estate has sold $1 billion worth of shares from Grayscale's Bitcoin Trust, causing significant outflows from the fund since its conversion to an ETF. The sale by FTX accounts for a large portion of the $2 billion in outflows from GBTC after its conversion. Grayscale's ETF fees are highlighted as a factor contributing to the outflows, as they are higher than those of competitors. The article also mentions the broader context of the growing fee war among cryptocurrency funds and the competition in the ETF space.

Yesterday (23rd of January 2024), the 3rd wave happened, which made BTC drop to from $41.6 to $38.5k, with a quick recovery to $40.5k. 12 hours later it's holding now around $39.5k.

So, only up from here?:) Show Less

 4

Cyrator is a transparent and reliable review community where anyone can join, contribute and earn.

Cyrator is a transparent and reliable review community where anyone can join, contribute and earn.

Apply
2024 Cyrator - Verified Crypto Reviews

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.