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Funds Why Does GBTC Frequently Not Track Bitcoin's Price

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Shares track the bitcoin market price, less fees and expenses. I have looked at the GBTC share price and compared it to Bitcoin's price on several occasions over the past couple months. Frequently I'll see GBTC make a huge move (sometimes over 20% in one day) while Bitcoin makes a small move (say less than 5%), or vice versa.

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Understanding The Bitcoin Investment Trust (GBTC)

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Tips for Trading GBTC (the Bitcoin Investment Trust) in 2019 and Beyond. The Bitcoin Investment Trust is the only choice for investors to trade Bitcoin on the stock market, and for this investors tend to pay a premium.[1] Below we explain the Bitcoin Investment Trust (GBTC), the pros and cons of GBTC, and why GBTC is a better investment than Bitcoin in some ways (but …

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GBTC: Everything You Need To Know About The Grayscale

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There’s a way to invest in Bitcoin right on the stock market: the Grayscale Bitcoin Trust (GBTC).It’s one of several such financial vehicles enabling investors to trade shares in trusts that hold large pools of Bitcoin, with each share priced at near-enough the price of Bitcoin.. As of April 2021, the Grayscale Bitcoin Trust represents $37.2 billion of privately-invested Bitcoin

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Grayscale Bitcoin Trust (GBTC): What You Need To Know

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How Does GBTC Work? Secondly, because the GBTC doesn’t track the price of Bitcoin directly, it can take a while for price fluctuations in BTC …

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GBTC Grayscale® Bitcoin Trust Bitcoin Investment Trust

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BTC per share. 0.000935605‡. Features. 1 of 5. Robust security and storage. Grayscale Bitcoin Trust’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206 (4)-2 (d) (6

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The Grayscale Bitcoin Trust: What It Is And How It Works

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For example, when bitcoin experiences a sharp increase in price, there’s a generally higher demand for GBTC shares from investors which in turn drives the price up.

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Does GBTC Own Bitcoin? Crypto Interpreted

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Ultimately, it's a bet on Bitcoin, which is a speculative asset more than a real currency. GBTC stock is up 101% so far in 2020, which far outstrips the S&P 500's gain of almost 10%. How does grayscale Bitcoin trust work? The Grayscale Bitcoin Trust is a financial vehicle that enables investors to trade shares in trusts holding large pools of

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GBTC Vs. Bitcoin: Which Is Better? GBTC Chart, GBTC Price

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As this article is being written, one share of GBTC trades for $12.82. Since 1,000 shares of GBTC is equal to a single Bitcoin, we can see that buying one Bitcoin’s worth of GBTC will cost $12,820. Bitcoin’s spot price is currently $11,165. That gives us roughly a 15% premium to buy GBTC vs. Bitcoin.

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Grayscale Plans On Converting GBTC To An ETF; Here's Why

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The other primary option is the Grayscale Bitcoin Trust (GBTC) (there's also the Osprey Bitcoin Trust (OBTC), which is a lower cost, somewhat less liquid option). This is an exchange-traded

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R/Bitcoin Am I Taking Crazy Pills? GBTC Trading At A 21

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Wait for it to convert to ETF. (SEC has until end of year to comment on the GBTC ETF application) Expect that upon conversion to ETF, the price will match that of bitcoin due to arbitrage almost immediately. Sell GBTC, taking my 20% gain (on top of any bitcoin appreciation) Move the GBTC revenue into a hardware wallet and HODL.

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5 Things Advisors Should Know About Grayscale Bitcoin

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#1 — Grayscale Bitcoin Trust (GBTC) or Osprey Bitcoin Trust (OBTC) — often confused for ETFs, GBTC and OBTC are actually IRA-friendly trusts that invests in, and seeks to track the performance

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How Bitcoin Investment Trust (GBTC) Works The Motley Fool

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1. What is the Bitcoin Investment Trust (GBTC)? This trust acts as a bitcoin fund of sorts, offering up the opportunity to bet on bitcoin by buying its shares. The trust owns bitcoins on its

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2 Funds That Invest In Bitcoin (GBTC, ARKW)

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The fund’s objective is to track the underlying value of bitcoin, much like the SPDR Shares ETF tracks the underlying value of gold.It has $3.5 billion in assets under management (AUM), and an

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Grayscale Trust (GBTC) Is Key To Bitcoin Price: JPMorgan

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According to Bitcointreasuries.org, a site that tracks Bitcoin holdings for publicly traded investment trusts and firms, GBTC holds 572,644 Bitcoin, or approximately 50% of the 1,150,622 Bitcoin

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Grayscale Bitcoin Trust (GBTC): Why GBTC Moves Markets

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The Grayscale Bitcoin Trust (GBTC) is a publicly-traded trust that invests solely in bitcoin. Grayscale, GBTC’s holding company, is the largest digital asset manager on the market, and the GBTC is one of its biggest products. BGTC is particularly appealing for Investors interested in crypto but not willing to hold coins themselves.

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Is GBTC Stock A Good Buy As Bitcoin Slumps After Big Rally

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While GBTC is a trust that only holds Bitcoin, the GBTC stock price does not exactly match the underlying Bitcoin price. Depending on investor sentiment, its shares can trade at a premium to its

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GBTC Discount Or Premium To NAV YCharts

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Grayscale Bitcoin Trust (BTC) (GBTC) 47.41 +2.50 (+5.57%) USD Oct 15, 16:00 This metric can be a valuable metric to track how far away a security is trading away from its true value. This is an important metric for closed end funds specifically because CEFs don't issue any additional shares after its initial offering.

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GBTC Performance & Stats Grayscale Bitcoin Trust (BTC)

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In depth view into GBTC (Grayscale Bitcoin Trust (BTC)) including performance, dividend history, holdings and portfolio stats.

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GBTC Premium : BitcoinBeginners

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How do I quickly check the premium compared to buying Bitcoin directly? Does Gbtc track btc well ? 4 comments. share. save. hide. report. 57% Upvoted. This thread is archived. New comments cannot be posted and votes cannot be cast. Sort by.

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Grayscale Bitcoin Trust (GBTC): Why GBTC Moves Markets

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The Grayscale Bitcoin Trust (GBTC) is a publicly-traded trust that invests solely in bitcoin. Grayscale, GBTC’s holding company, is the largest digital asset manager on the market, and the GBTC is one of its biggest products. BGTC is particularly appealing for Investors interested in crypto but not willing to hold coins themselves. In practice, the…

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Better Buy: Grayscale Bitcoin Trust Vs. Osprey Bitcoin

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Osprey Bitcoin Trust is the shiny new toy for Bitcoin bulls and bears looking for a stock exchange-listed vehicle. It hit the market earlier this month. It …

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What Is The Current GBTC Premium? LatestJobz.info

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How well does GBTC track Bitcoin? Its success mirrors that of Bitcoin because its value is derived solely from that cryptocurrency. As of September 11, 2019, GBTC had approximately $2.16 billion in assets under management (AUM) and 2.4 million shares outstanding. What is the premium of GBTC to Bitcoin?

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The Grayscale Bitcoin Trust: What It Is And How It Works

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The Grayscale Bitcoin Trust (GBTC) is the world’s largest bitcoin fund and the first investment vehicle of its kind to report financials regularly to the U.S. Securities and Exchange Commission

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16K BTC Unlock On Grayscale In 2 Weeks !! BTC Crash’n

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GBTC does not immediately track the price of Bitcoin, it can take some time for price variations in BTC to be reflected in the GBTC price. One criterion that governs the interaction between investors and the trust is that they must keep their bitcoin in the trust for at least six months before the asset may be evaluated.

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5 Things Advisors Should Know About Grayscale Bitcoin

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#1 — Grayscale Bitcoin Trust (GBTC) or Osprey Bitcoin Trust (OBTC) — often confused for ETFs, GBTC and OBTC are actually IRA-friendly trusts that invests in, and seeks to track the performance of, Bitcoin. Grayscale has a longer track record and more assets under management than Osprey, but Osprey’s expense ratio is less than half of the

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Will Grayscale Convert GBTC To A Bitcoin ETF? ELEVENEWS

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The Grayscale Bitcoin Trust (GBTC), a popular way for investors to get exposure to Bitcoin in the form of shares, has now had a negative premium for an entire month.This means the price of each share remains below the corresponding amount of Bitcoin it represents. This negative premium is new terrain for Grayscale ’s institutional investors. In the past, those …

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GBTC And The Impact Of An ETF The Wolf Of All Streets

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This 2% fee combined with the premium and increased volatility equates to GBTC lagging behind the recent expansion in Bitcoin. To explain in numbers, GBTC peaked at $29.66 in 2017 but now is priced at $27.35. This is an 8% drop from the 2017 high. Bitcoin peaked at around $19,800 in 2017 and now sits at about $32,850.

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Grayscale Files To Convert GBTC Into An ETF As First

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Crypto asset manager Grayscale has filed with the U.S. Securities Exchange Commission (SEC) to convert its flagship Grayscale Bitcoin Trust (GBTC) into an ETF. Grayscale made its filing on the same day that the first-ever Bitcoin futures ETF started trading in the United States markets.

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GBTC Is Overpriced And Flawed Here's Why I Own It

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Source Grayscale Bitcoin Trust. GBTC currently trades at a 7% premium to NAV. Thus, you are paying approximately 7% more than the current bitcoin cost. As a value oriented investor, it pains me to

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What Is Going On With Grayscale Bitcoin Trust Stock

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The share price of Grayscale Bitcoin Trust has failed to track the performance of Bitcoin the past few months. Read my analysis of GBTC stock to learn more.

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GBTC Grayscale Bitcoin Trust

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Grayscale Bitcoin Trust Bitcoin investing begins here. The world’s largest bitcoin investment vehicle, accessible right from your brokerage account. Grayscale® Bitcoin Trust (Symbol: GBTC) offers you exposure to bitcoin through a traditional investment vehicle. To get started, simply type in symbol: GBTC into your brokerage account and start investing today! …

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How Does GBTC Work? Does The Price Rise When Bitcoin Rises

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Answer (1 of 2): This trust acts as a bitcoin fund of sorts, offering up the opportunity to bet on bitcoin by buying its shares. The trust owns bitcoins on its investors' behalf, entrusting them to the cryptocurrency custody service Xapo to keep …

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GBTC Stock Snapshot Fidelity

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Grayscale Bitcoin Trust (BTC) is an exchange traded fund launched and managed by Grayscale Investments, LLC. The fund invests in Bitcoins. It invests through derivatives such as futures, swaps, and other CFTC-regulated derivatives that reference digital currencies. The fund seeks to track the performance of the TradeBlock XBX Index.

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How Does The Grayscale Bitcoin Trust Work? The Cryptonomist

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The Grayscale Bitcoin Trust (GBTC) is a financial product that allows investing in digital currencies.. These are publicly traded shares of the Grayscale Bitcoin Trust, invested exclusively in bitcoin reflecting the price.. The trust is SEC-approved and therefore offers exposure to the BTC market even to investors who cannot invest in unregulated markets or …

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Will Grayscale Convert GBTC To A Bitcoin ETF? Decrypt

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It’s notable that Grayscale actually contemplated converting the GBTC into a Bitcoin ETF in 2017, but chose not to follow through with this idea at the time, according to Business Insider. Grayscale’s second option is to introduce a Bitcoin ETF separately into its line-up, with the option of converting the GBTC over at a later date.

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Premium Of GBTC Has Fallen Substantially: What Does It

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What Does it Mean For Bitcoin. Each share of GBTC, currently valued at $7.21, represents one thousandth of a Bitcoin. Holders of GBTC in the stock market can redeem BTC with their shares of GBTC, as the institution, in this case Grayscale Investments, a subsidiary of Barry Silbert-led Digital Currency Group, stores BTC on behalf of investors.

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Grayscale Bitcoin Trust (GBTC): Why GBTC Moves Markets

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The prices of GBTC shares roughly track bitcoin prices. These prices, however, tend to be higher or lower than current BTC prices with some regularity. As a result, investing in GBTC could be more expensive at times or more affordable at …

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Grayscale Bitcoin Trust (GBTC): Why GBTC Moves Markets

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The Grayscale Bitcoin Trust (GBTC) is a publicly-traded trust that invests solely in bitcoin. Grayscale, GBTC’s holding company, is the largest digital asset manager on the market, and the GBTC is one of its biggest products. BGTC is particularly appealing for Investors interested in crypto but not willing to hold…

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Grayscale Bitcoin Trust Is Screwing Retail (and

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Right now, one GBTC share is selling at $9.6, representing about 1/1,033 of a Bitcoin. To amass one whole Bitcoin, an investor would have to pay over $9,800 at current prices, coming out to roughly a $670 premium. These investors are losing approximately 7% of their investment just for the privilege of owning shares of Grayscale’s trust.

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GBTC – Arbitrage Potential Or Just A Bitcoin Worrywart

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GBTC’s premium was widely reported in the media, and it was quite rational for investors to shift their focus to products that are designed to track bitcoin more efficiently. Yet that doesn’t fully explain why the fund slipped to a discount.

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Should I Buy GBTC? CryptoCurrency Facts

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You can track the GBTC premium directly on Greyscale’s website. On the site, “Market Share” is the cost of shares of GBTC and “Bitcoin Holdings” per share is the current underlying value of the Bitcoin. BTC generally trades for what it is worth, because it is itself. Although what it trades for can differ by country and exchange.

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Barry Silbert On Converting GBTC Into Exchange Traded

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So, they denied an ETF that does not track Bitcoin directly due to investors’ safety. Instead, investors will have access to futures contracts on Chicago Mercantile Exchange. ProShares is set to launch its Bitcoin futures ETF. In a similar move, ProShares is set to launch its Bitcoin futures Exchange Traded Funds on Monday.

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How Does The Grayscale Bitcoin Trust Work? Cryptoshrink.io

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Shares in the fund track the price of Bitcoin, but only roughly. Grayscale also offers several other exchange-traded products, tracking Ethereum, Bitcoin Cash and Litecoin among others. There’s a way to invest in Bitcoin right on …

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Institutional Investors Are Enjoying The Sale Of GBTC

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Does GBTC have the same price volatility effect? Although GBTC is a Bitcoin trust, the GBTC inventory price doesn’t precisely reflect the Bitcoin price. So, depending on the investor’s opinion, their shares may trade at a premium or discount on …

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What Is Grayscale Bitcoin Trust? Coinspeaker

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Grayscale Bitcoin Trust (GBTC) is a platform designed for mainstream investors looking to stake their capital in this cryptocurrency. GBTC is a …

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Funds Why Does Gbtc Frequently Not Track Bitcoin's Price

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Funds Why Does Gbtc Frequently Not Track Bitcoin's Price. July 6, 2021. Crypto exchange Binance to double compliance staff as regulators circle - Reuters. $0.214426. July 6, 2021. ×. July 6, 2021. Ethereum.

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Frequently Asked Questions

Does GBTC have options?

Greyscale investment provides certain advantages that make an investment in bitcoin a more digestible option. For one, shares of GBTC are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts, in turn allowing easy access to all levels of investors in a wide variety of accounts.

What is the grayscale Bitcoin Trust?

The Grayscale Bitcoin Trust (OTC:GBTC), previously known as the Bitcoin Investment Trust, allows crypto investors to get indirect exposure to bitcoin through its shares, but its structure adds some complexity to investing in bitcoin.

How does GBTC work?

GBTC is billed as an open-end investment trust, meaning it can sell unlimited shares, unlike a closed-end fund. However, the fund is no longer issuing new shares or allowing redemptions since it petitioned to convert the fund into an ETF so it can resume normal operations.

What is GBTC ETF?

GBTC is an ETF (exchange traded fund) that mimics the price of Bitcoin. It stands for the Grayscale Bitcoin Investment Trust, and it can be bought and sold directly like a stock. The reason Ally Invest is so fantastic for trading GBTC is because they are offering free trades for 90 days with qualifying deposits!

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