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Day 2 what is largely different to day one. First of all 28% class volume. Second of all nearly 60% of the volume was grayscale. Third fidelity caught up and forth the total amount of bitcoin volume is very interesting for day two 72,413 BTC

The top 3 players make up over 90% of volume. 

Total Volume ranked Day 2

GBTC runs nearly 60% of Vol as folks run for the hill redeeming to move to other ETFs. Again the 1.5% FEE IS DUMB! And it is messing up ETF launch week. ARB is on fire. 

Biggest Delta Swings in Price

Massive, nearly 7% swing in price on IBIT over yesterday, whereas GBTC is tightest. 


Biggest Delta Swings in Volume - Hashdex, Valkyrie and FranklinT dropped off the map entirely. 




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Comments

Anonymous

Excellent breakdown, I hope this will be a recurring series of posts

Anonymous

Grayscale management are greedy pigs. It looks like they're perfectly happy losing 50% of AUM as long as they get to charge 7x the industry-standard fees to the remaining bag holders... There are few times where I think a class action lawsuit is warranted, but this is one.

Anonymous

Is the GBTC fee of 1.5% charged annually or when you buy or sell?

Anonymous

Question: is there a way to see daily (BTC) volume on Coinbase and similar. Basically how much USD is exchanged for btc each day?