Another massive week for Grayscale.
Grayscale added 9,503 BTC to their Bitcoin Trust since last week (28,413 BTC since the halving).
Bitcoin miners only produced 6,863 BTC since last week (19,200 BTC since halving).
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Kevin, can you really assume that Grayscale bought 28,413 BTC since the halving? The reason I ask is that, according to the Grayscale's FAQ, "Existing and prospective investors may contribute coins in kind for shares of Grayscaleโs single-asset Products."
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Would love to see a similar graph using ETH instead! :)
A person can buy BTC using Coinbase.com in the US with ACH bank transfer and pay a one-time ~0.5%, or buy via Grayscale.co and pay 2% PER YEAR.
Grayscale = New Digital Asset Class, purchased and held in a familiar Wall Street way.
Familiar is expensive.
Wow. I wonder if people understand how significant this is.m? ๐๐๐
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