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Grayscale filing reveals 100 wallets hold 90% of Worldcoin

Grayscale’s S-1 for its Worldcoin ETF admits that just 100 wallets hold roughly 90% of all WLD tokens in circulation.

It’s like the GBTC premium, but in Chinese silver

Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.

Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that’s highly unlikely.

Grayscale must ensure that GBTC’s share price tracks bitcoin’s price. This requires selling and buying bitcoin every day.

In two days of trading last week, the new SEC-approved spot bitcoin ETFs attracted approximately $819 million of net new cash inflows.