GBTC to trade at a discount to BTC this year?

D

Daal

The premium to NAV seems to be stabilizing at ~10% lately, down from the craziness of 20-30%. But the big issue is that the Canadian ETF has been a big success so far I bet US envy will lead to a ETF this year.
The SEC chief understands crypto and i dont think he's got any reason not to do it. Who will then want to hold this trust at 2% annual fees? The Canadian ETF has 1% fees and I bet the US one will have less, plus they track bitcoin perfectly which GBTC sometimes doesn't

GBTC dumpfest later this year?
 
A bitcoin etf should have made it to the market place years ago. There is absolutely no reason why it hasn't yet. Gbtc has grabbed billions being the closest thing to a bitcoin etf.
 
S2007S said:
A bitcoin etf should have made it to the market place years ago. There is absolutely no reason why it hasn't yet. Gbtc has grabbed billions being the closest thing to a bitcoin etf.
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The SEC has been very nervous about it. Remember the Twinkletoe twins trying to start one a few years ago, and the SEC went nuh-uh? Once the SEC gets the idea that it is here to stay and folks from all stripes have interest, it will become approved as legit.
 
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that was quick, probably drops more though
 
Lol yesterday it reached 19% discount to NAV, but it's guaranteed to go back to 0 if it gets converted to an ETF. It's a question of when the SEC will approve that, not if. There's no plausible consumer-protection argument to oppose the ETF conversion.
 
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