#GBTC - Grayscale -9.7% to Net asset Value
Where is Barry Silbert?
:)
Anyway Grayscale #Bitcoin trust
is a few months away from achieving equal valuation to it's holdings of #BTC
What does it mean ? Mainly its a sentiment indicator this cycle, but it still holds a vast quantity of coins so we will see if all these #ETF's get approved.
Big players can get exposure to discounted BTC still! ( plus the yearly fund fee)
When the discount goes away and the low cost ETF's get approved
that buy pressure is likely to shift to those vehicles instead.
:)
Anyway Grayscale #Bitcoin trust
is a few months away from achieving equal valuation to it's holdings of #BTC
What does it mean ? Mainly its a sentiment indicator this cycle, but it still holds a vast quantity of coins so we will see if all these #ETF's get approved.
Big players can get exposure to discounted BTC still! ( plus the yearly fund fee)
When the discount goes away and the low cost ETF's get approved
that buy pressure is likely to shift to those vehicles instead.
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