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Could you elaborate on whether Grayscale is indeed a spot bitcoin exchange-traded fund (ETF)? I've heard of Grayscale's involvement in the cryptocurrency market, but I'm not entirely clear on whether they specifically offer a spot bitcoin ETF. Clarifying this distinction is important as it relates to the investment strategies and risk profiles associated with different types of funds. Understanding the nature of Grayscale's offerings would help investors make informed decisions regarding their exposure to the bitcoin market.
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