So whereas the brand new spot ETFs have gathered greater than 94,000 bitcoin and $3.9 billion in property underneath administration (AUM) since opening for commerce (information via Jan. 19), the bears are mentioning that 53,000 of these tokens could be GBTC holders transferring their cash into the decrease value autos. (GBTC costs a 1.5% administration charge, at the very least 1 proportion level greater than practically the entire new funds.)
