Among the three listed ETFs, the US stock market opened with a sharp drop, two rose first and then fell, and one fell first and then rose. Except for BITWISE, which is strictly anchored to BTC, Grayscale and Proshares both rose first and then fell. There are a large number of pairing arbitrage algorithms in the market. Why would Grayscale and Proshares rather lose hundreds of millions of dollars in arbitrage than strictly follow the BTC price and lose money to affect the BTC price? Who is the power behind it? These two companies are in blue states. Why do the Democrats want to see BTC rise?