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Bitcoin ETFs' terribly unsuccessful, terribly huge success
The first day of trading for bitcoin ETFs has been called both "terribly unsuccessful" and a "terribly huge success." Why it matters: Judging the Day 1 impact of bitcoin's long awaited moment not only relies on a fuzzy picture, it depends on who you ask about the data. Zoom in: Parsing the $4.5 billion-plus in total trading Thursday, roughly half took place in Grayscale's converted bitcoin trust, GBTC, CNBC's Crypto Trader host Ran Neuner tweeted just two hours after midnight. • According to Neuner, the GBTC action was "majority sales." • "Zero new inflows," he claimed in the post, suggesting that existing ... (full story)