All Things Crypto

ATC quote · Aug 22, 2024 · 0:13:49

“That makes sense. Cool. Because in a way, they are diversifying to hedge against their losses. Right? That's what you're saying?”

NatNat @Natnatx007 (speaker unconfirmed)

From ATC: All Things Crypto Sponsored by $THON on @sunpumpmeme, Aug 22, 2024 · Episode page

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0:12:31 Kool @koolcryptovc (speaker unconfirmed): Yeah. Yeah. It's pretty cool, man. But I would say, though, I believe this is a way for Grayscale to kinda stop the bleeding a bit because, you know, they're losing business from from, they're losing money from EAT. ETF, they're losing money from the Bitcoin stuff, but I think them bringing more assets onto their business is to attract more business. They want more business, and that's why they do decide. This is…

0:13:49 NatNat @Natnatx007 (speaker unconfirmed): That makes sense. Cool. Because in a way, they are diversifying to hedge against their losses. Right? That's what you're saying?

0:13:55 Kool @koolcryptovc (speaker unconfirmed): Exactly. Exactly. Because remember, Grayscale was was the big job, man. The big job when it comes to funds and crypto. Now BlackRock is is... It's near launch, and and people don't want to buy the the the great deal of of Bitcoin ETF. They they... And I think this is a way for them to hedge against that loss, but you need clients, man. You need clients to come and buy your your your AVX fund. So, I mean, this is I…

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