Scaramucci on Grayscale’s Mini Bitcoin Trust: The train has left the station

Scaramucci on Grayscale's Mini Bitcoin Trust: The train has left the station

Anthony Scaramucci, a notable figure in the investment world, recently spill Cold water on Grayscale Investments’ plan to launch a “bitcoin mini trust.”

Content
Advertisement

Anthony Scaramucci, a notable figure in the investment world, recently spill Cold water on Grayscale Investments’ plan to launch a “bitcoin mini trust.”

Scaramucci predicts that the initiative will face delays and will transfer a significantly smaller portion of Grayscale Bitcoin Trust (GBTC) assets than anticipated.

“The train has left the station,” he added, expressing strong skepticism about the timing and scale of GBTC’s transition to the recently proposed Grayscale Bitcoin Mini Trust.

The Strategic Pivot of Grayscale

In a bold move to remain competitive, Grayscale Investments filed for a new Bitcoin spot ETF, the Grayscale Bitcoin Mini Trust.

Aiming to address the outflows from its existing GBTC and attract a broader investor base, this new ETF proposes a possibly lower expense ratio.

Related
Block’s crypto wallet eschews Bitcoin for boring old credit cards

The initiative aims to reposition Grayscale by offering existing GBTC holders an ETF with lower fees and attracting new investors with a more accessible investment vehicle.

By transferring a portion of bitcoin from GBTC to the new ETF, Grayscale hopes to stem the tide of outflows and reassert its dominance in the cryptocurrency investment space.

GBTC massive outflows

As Guru-Investingreported, Grayscale’s Bitcoin Trust has seen capital outflows worth more than $10 billion. However, Grayscale’s quick response with the introduction of the Bitcoin Mini Trust has already shown signs of stabilizing the hemorrhage.

“Interesting that BTC will be seeded through a non-taxable spinoff of GBTC stock. I love this move,” said ETF expert Nate Geraci. aware in X.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة