Is the grayscale Bitcoin Trust a 'too big' for bitcoin price correction?

The Grayscale Bitcoin Trust ( GBTC ), a Bitcoin holding company, has $13.1 billion assets under management (AUM) and is valued at more than $18 billion in OTC markets . JPMorgan strategists say that investor inflows into the Grayscale Bitcoin Trust are "too big" for Bitcoin price correction.

What is a grayscale fund?

Bernd Schmid: Grayscale is essentially a trust or it's a fund which buys Bitcoin, and the shares of this fund are traded in the stock exchange. I think it's New York Stock Exchange. You can go to your broker and buy stocks in this trust, essentially shares in this trust.

Does grayscale have any control over its stock price?

Those are all ETHE that were minted by Grayscale 1+ years ago and the initial purchaser decided to sell. As such, in the same way Microsoft has no control over it's stock price, Grayscale has no control over who buys what and for what price on the secondary market.

How much does a grayscale Ethereum Trust cost?

Grayscale Ethereum Trust (ETHE) with a minimum investment amount of $25,000 and charges an annual 2.5% fee. Grayscale Bitcoin Cash Trust (BCHG) with a minimum investment amount of $25,000 and charges an annual 2.5% fee. Grayscale Ethereum Classic Trust (ETCG) with a minimum investment amount of $25,000 and charges an annual 3.0% fee.