Why is Grayscale Dumping?
Read summaryIn the video, it is mentioned that grayscale is not entirely owned by grayscale itself. Customers of grayscale are facing high fees of 1.5%, which are significantly higher than fees charged by other providers. This has led to customers leaving grayscale in search of lower fees. Those who remain are likely avoiding taxable events by sticking with grayscale. Grayscale also held a large portion of Bitcoin, but had debts to pay off, leading them to sell their assets to repay creditors. As a result, some customers are losing confidence in grayscale. 📉 Customers are moving away from grayscale due to high fees and selling of assets.
Hide summary