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Grayscale ETF’s High Fees Preserve Cash Flow Even As Investors Pull Out

That figure shrinks to $13.65 billion, based on multiplying the net asset value (NAV) per share of $49.12 by the 278 million shares outstanding. It now holds around 220,000 bitcoins. IBIT, which holds 366,000 bitcoins, has 642 million shares outstanding and a NAV per share of $35.13, giving it an AUM of $17 billion.

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