Thread 60853514

Anons i know most of you here are retarded but there are a few smart anons here like nigga hayes.

Over the last few months i noticed some very weird shenanigans going on with the grayscale trust for ethereum not the etf, the trust.

For those of you not aware the graycale crypto trusts for btc and eth predate the etfs by a decade.

However the grayscale trust for eth is doing some shady shit almost for a year now, the grayscale eth trust dumps 2k eth while etfs buy 30k eth and the spot price on the market collapses.

Basically the mechanic is like this

grayscale trust dumps eth + etfs dump eth = gigadump

grayscale trust dumps eth + etf buy = dump

grayscale trust neutral + etf buy = +6% daily pump

grayscale trust buys + etf buy = 12% daily pump

My question for smart anons here is wtf is going on?Is the grayscale trust allowed to dump on the spot market while etfs only OTC?

Because the trust is dumping less and less while etf buy more and more, so this mechanic will end by eoy more likely if that's the case won't we gigapump?Like forget 0.06 eth/btc ratio we could even see 0.12 because the trust no longer dumping would be like a halving event for eth since it seems to be most of the spot sell pressure

>>60853514 (OP)
and before someone calls me a schizo i been loking at this chart for almost a year

https://www.coinglass.com/eth-etf

it's ridiculous yesterday we had 92k eth purchases by etf but a 6k dump by grayscale trust and we lost 400 usd in spot price that's to say that the grayscale trust effect on prices is clearly 15x stronger than the otc etf purchases for ethereum at the moment.

This been happening for over a year but i want to understand what kind of legal framework is allowing this shit to happen i mean it has become too obvious that graycale trust is dumping spot to a point even a 15x bigger eth purchase by etfs otc is not moving spot market.

But since there are legal frameworks that make an etf better for tax purposes the grayscale trust will eventually disappear entirely.

If anyone can pinpoint the exact point in which the trust sell orders won't be enough to counteract the eth etf otc buy orders then those individuals will be rich as fuck, since even 0.06 eth/btc ratio is bearich if all i am saying is indeed the case.

We could be on one of the weirdest underpricing of something in history all due to some weird legal problem.

grayscale ethereum trust has 10x the expanse ratio of the others like blackrock. same shit happened with the bitcoin ETFs. management at grayscale is retarded. their only play is to get people to stay because the don't want to take the cap gains hit or some other reason why it's disadvantageous to sell

>>60853564
Yes grayscale is retarded, but are they selling spot?

Like how the fuck do they move the market so much, it's kind of ridiculously they dumped the spot price 400 usd yesterday as etfs bought 15x the ammount obviously now we are pumping since even otc purchases move the price eventually.

But this is just clownish at this point there must be a legal framework they are exploiting this, grayscale can't be this retarded they been on this market for longer than all other big players.

If they are allowed to dump spot and buy otc then they could also be making money with this manipulation outside the "legal" market aka big foreign crypto exchanges

Also since this has been going for a long time eventually as grayscale trust dump is smaller and smaller the market may actually gigapump eth as it may be extremly undevalued due to this retarded thing going on.

>>60853536
Idk anon, i am trying to figuring out how billions and billions of etf buys and treasury buys didnt do shit to the price, i mean cmon we should be around 7-8k at least just by this buy pressure, and this shit even fall to 1400$ in april. Its complex, but I really hope there will be a supply shock breakpoint somewhere in this year and we can sell it at retarded blow off prices, will see...

>>60853647
Fuck silbert!

>>60853656
>, i mean cmon we should be around 7-8k at least just by this buy pressure, and this shit even fall to 1400$ in april.

This happened before for eth tough previous ath were never reached until eth / usd ratio bottomed, i tough cowen thesis was retarded but it was right in that case.

>but I really hope there will be a supply shock breakpoint somewhere in this year and we can sell it at retarded blow off prices, will see...

If what i am saying in this thread is right the supply shock will happen once eth grayscale trust dump becomes so low it can't counteract the etf purchases.

But then forget 7k or 20k we may even see 30k and 1.5 trillion marketcap.

We are seeing the grayscale trust counteracting 15x the time eth purchases from etf.

It's that big of an effect since they seem to dump on the spot market.

>>60853674
My question is, who the fuck is selling millions of ether every month otc to the etf issuers? Avg joes? I dont think so, old ico whales? Where are the links and news about the ancient wallet moves? Cz, armstrong, your sillbert dude and another shady figures manipulating the market abd selling user funds? Who kbows? Remember a few months ago when by just "found 500k eth fallen into the pillows of the couch"? That why i am saying every single friend and holders to make a fucking wallet and do "your keys"! But most of them are normals/ dont hold a lot or just fear from losing it all.....

>>60853717
*Bybit just

>>60853717
>My question is, who the fuck is selling millions of ether every month otc to the etf issuers?

Most of exchanges have otc markets behind the scenes, they don't really have to outright buy a lot in a single day they can be buying a little every day and then selling otc a ton in a single day.

it seems the grayscale trust is the only one doing the daily spot dump, while the otc markets have buy orders to buy as retail panic sells.

Hence why we have so many retail faggots that sold at 3.8-4.2k waiting to get in again but not able to.

>>60853760
Kek, that guy still owes us the dogshit eating vid :)

>>60853514 (OP)
Really hard to read with formatting.
Just use space between paragraphs. My eyes hurt now.

>>60853647
they can't dump ethereum in the ETFs because they have to back the ETFs at par. when the AUM drops, it's because people sold their ETFs and the authorized partners redeemed them for cash.

>>60853769
Make daily threads about this.

>>60853536
Based nooticer. Gonna read this at work

>>60853781
Right but grayscale has an etf and a trust.

The thing i am talking about is the decade old eth trust, they seem to be dumping spot there while buying otc for their etf.

>>60853760
>Hence why we have so many retail faggots that sold at 3.8-4.2k waiting to get in again but not able to.
It's literally controlled demolition to shake out retail so institutions can load without chasing candles

>>60853835
Maybe they need to swap vehicles for tax purposes or something and the etf otc uses the latest market price. So they dump spot then immediately buy it back otc

>>60854010
But the target they must have in mind must be insane at btc marketcap eth would have 30k price each maybe more if staked is not accounted as sell pressure.

This would be like btc 2017 but instead for retail for institutions since they bought the 0.019 eth btc bottom from retail.

Do you have any evidence the institutions are planning this?Like everything from eth went from being too bearish to extremly bullish very fast.

And institutions spend almost a fucking year buying and dumping etf to crush the price to 1600 usd per eth, like they were not even subtle about this.

Now they are shaking retail with the grayscale trust dumps and then buying from retail without moving spot price with otc etf purchases.

Like ffs they can't be that obvious?If that's the case what are they planning anon?A 2017 style event after staking etfs are approved?or wtf is their goal?

>>60854046
They do indeed need to swap for tax/less fee purposes, but that's the thing they dump spot, otc markets buy from panicked retail and then the otc eth are sold to etfs.

So they are shaking retail and the minute this grayscale trust dumps end we should gigapump.

>>60853514 (OP)
Shifting crypto around to use as collateral for loans to acquire cash to buy crypto to use as collateral for loans. Rising interest rates will murder crypto

>>60854163
Agreed. A lot of the numbers simply don't add up, and this tracks with the same kind of movement we saw last winter. Any big etf purchases followed by grayscale dumping tokens keeping the price down. Makes you wonder if its to keep shorts printing

I accidentally sold some puts on ETH meaning to do it on ETHA. The.options moved in ways that made no sense. Maybe because they're not liquid. Idk.