GBTC is finally seeing a slowdown in the asset flight.
This is after it lost more than half the bitcoin it started with.
Check it out:
(Source: https://twitter.com/BitcoinNewsCom/status/1788187704712139173/photo/1)
Will the bleeding stop around here?
I actually don't think it will long term because their fees are still more than double anyone else.
There is no reason to have more than one or two bitcoin ETFs and they will likely be the cheapest ones.
The ones with the lowest fees.
GBTC is not that.