Jan. 23 at 2:22 PM
Bitcoin breaches psychologically important
$40,000 level as the approval of ETFs has been met by a 'sell-the-news' wave compounded by capital flight from GBTC
Nexo cofounders: This period where Bitcoin has to sprint to stand still might well last a few week as locked-up GBTC investors finally get an opportunity to exit their positions.”
$2B in outflows the fund after its conversion to an ETF (FTX bankruptcy estate was responsible for
$900M in outflows)
Grayscale CEO: Most of the approved bitcoin ETFs won’t survive.
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