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Jack Smith on How r/WallStreetBets is Beating Wall Street - From the Archive
My First Million
Grayscale's Success in Building a Bitcoin Index Fund with Premium Prices
The guys behind grayscale, including one of the former co-founders of Coinbase, have been trying to start a Bitcoin ETF./nGrayscale has been successful and has grown to have 24 billion in assets under management, buying a significant amount of Bitcoin./nGrayscale charges a management fee and trades Bitcoin at a higher price than its underlying holdings, leading buyers to pay a premium for convenience./nThe people in charge of grayscale are expected to make over a billion dollars without inventing Bitcoin or building a product./nThey likely had to do legal work and pay lawyers to make their plan possible on the OTC market.
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