Industry insiders: grey release disclosure mini version of GBTC is not friendly to existing investors
2024-04-20 19:26:25
According to cryptocurrency industry insider Andrew AP Abacus, grey release's disclosure of the mini version of GBTC, which both charges high fees to long-term investors from existing low-cost bases and uses some assets to launch a low-rate new product proceeds raised, is very unfriendly to existing investors, and while it may be legally compliant, it is difficult to convince. The person also said that he did not agree with the argument that grey release CEO Sonnenshein may defend the move on CNBC, and that investors should not trust grey release to manage their funds.
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