Quite a bit of the current volume is driven by flows from Grayscale to the ETFs to avoid the 1.5% annual fees from Grayscale. This is why volume is so high, but prices aren't spiking because so far it's mostly a shuffle rather than new money inflows.
Quite a bit of the current volume is driven by flows from Grayscale to the ETFs to avoid the 1.5% annual fees from Grayscale. This is why volume is so high, but prices aren't spiking because so far it's mostly a shuffle rather than new money inflows.
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