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Why a new challenger bitcoin trust likely poses little threat to GBTC's dominance
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Quick Take
- A new bitcoin investment product, Osprey Bitcoin Trust (OBTC), is listing on OTC Markets in the coming days.
- But market insiders are skeptical that Grayscale Bitcoin Trust’s dominant position is in jeopardy.
- The main threat to GBTC might be a bitcoin ETF — if and when one receives approval.
Market insiders doubt that the imminent launch of Osprey's bitcoin trust puts Grayscale’s dominant position is in jeopardy.
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