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I wonder why the price of btc hasnt gone up since they are buying so much. Still stays around the same high...shouldnt it have gone up explosively?

I know the outflows of Grayscale was an issue for the first month or so...

With this fund though it is on the ETH chain since BTC doesn't have a really built-out DeFi/RWA space like ETH currently has

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You think it was just outflow from grayscale and inflow to balckrock?

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