Bitcoin Investment Trust (GBTC)

[DaveV]

A backdoor way to play GBTC is via the ARKW ETF. GBTC represents 7% of ARKW. ARKW is up 85% this year vs 35% for its closest competitor, the FDN ETF. If you want to really play games and juice the returns, buy ARKW on margin, and short or buy puts on an identical amount of FDN. That will really isolate GBTC from the rest of the Web stocks.
Both ARKW and FDN have bid/ask spreads of less than 0.2%

 

[Clubber Lang]

Citron out negative on GBTC 15 minutes ago.
"40% premium to BTC price. Short GBTC and buy BTC" he said

 

[MrMuppet]

He said short GBTC? Lol, did he also say who has borrows???? What a dork XD

 

[Pekelo]

GBTC is down 25% in one day, BTC dropped from 11400 to 9300.

Did I say one day? I meant in 6 hours.

 

[comagnum]

The drug cartels & former Silk Road dealers along with the huge China Bitcon mining farms are getting richer by the day, as the dumb $ piles on to what one day will be commonly known as the largest Ponzi scheme in history.

 

[Dustin]

Lightspeed has borrows on GBTC.

 

[SoesWasBetter]

Lightspeed has borrows on GBTC.

Never get called in?

 

[SoesWasBetter]

These punks have been saying short gbtc since it was 500, but never issue a cover call.

 

[SoesWasBetter]

GBTC is down 25% in one day, BTC dropped from 11400 to 9300.

Did I say one day? I meant in 6 hours.

When you can give us the entry and exit, let us know.

There are 100 stocks a day that do that

 

[John9999]

I understand the risks on this asset,,,,but it still looks attractive to me. today at close GBTC is up and BTC is down... I am sure there are many days that are the opposite. I just really like that right thru my IB account I can buy/sell. A big name we all trust with IB. No weirdo "wallets" or no name exchanges ready to shut down or be hacked... like the Mt Goxin 2014 and Trade Hill in 2012... Trade Hill shut down over a measly $100,000 dispute...and there are many more examples of the BTC exchanges being hacked and shutting down