“As the GBTC ETF conversion OK seems increasingly likely, investors know that market makers will bring the price back to NAV as any minute now as it starts trading. As this investment instrument normalizes back to NAV value for investors, it seems likely that in a nutshell Bermuda shorts BTC pressure will subside and support upward pressure on BTC spot price,” Alexander S. Blume, managing partner at Two Prime Digital Assets, broadcasted CoinDesk.
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