Galaxy Digital CEO Mike Novogratz expects the Bitcoin price to rise in the next six months.
BTCdata co-founder Chris J. Terry announced that Grayscale Bitcoin Trust (GBTC) will be released in the coming weeks. More than $20 billion in sales and the price of Bitcoin will decrease until this process is completed. falling down waiting.
Some of the spot Bitcoin ETFs established in the USA have been asking investors for several months. fund management fee not taken. Grayscale, wage rates at 0.25% Unlike issuers like BlackRock that hold charges 1.5%.
According to Bloomberg data, in total from the Grayscale fund in six days $2.8 billion There was an outflow of money.
Although Grayscale CEO defended that they were receiving a high fee from the fund, Terry said that “The biggest strategic mistake in crypto history” he thinks it is.
Novogratz stated that he did not agree with Terry’s comment, “While I think people will sell GBTC, most will switch to other ETFs I am thinking.” said.
Thanks to exchange traded funds, people are now interested in Bitcoin. much more easily Novogratz said that he could invest “This indigestion will end and BTC will go higher in 6 months.” your comment made.