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1/ Grayscale continues to be the most misunderstood product in crypto...even amongst people who know a lot about the space, and the ETF arms race.

Today's announced DCG "buyback" is a sleight of hand that does nothing structurally to close the discount to NAV.

Let me explain:
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Vijay Boyapati @real_vijay ยท Oct 20, 2021
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Great thread, Ryan