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GBTC still not at NAV! 

My Grayscale Math - How Long How Long... name that song:

• GBTC experienced $7 billion in outflows over 8 trading days, averaging $875 million per day, influenced by fluctuating prices of the underlying assets.
• The FTX estate liquidated nearly $1 billion in GBTC shares, accounting for about one-third of all GBTC outflows.
• Excluding the FTX estate's liquidation, GBTC faced $6 billion in outflows over 8 trading days, or $750 million per day.
• With around 570,000 bitcoin remaining and a total AUM of $21.5 billion, GBTC can sustain these outflows at $750 million per day for an additional 30 days before depleting its bitcoin holdings.

MODEL HERE

https://docs.google.com/spreadsheets/d/1V8HncIKq3SAlGdkKzvmGLinJa48pe3AuXmlOZzg6kpE/edit?usp=sharing