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Picolas
@picolas-cage
So the BTC ETF was overshadowed by aggressive GBTC selling/redemptions. The unwinding of the massive GBTC arb trade stemming from 2020. This has traders believing that the BTC ETF is a sell the news event. There are similar issues with the ETH ETF and Grayscale with ETHE, except there's much less ETHE on the books.
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Picolas
@picolas-cage
Thus, ETH ETF not effectively priced in. ETH still undervalued.
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