SO, hypothetically;

There could be a premium for having funds invested in a licensed OTC Market. You don't have to deal with securing your coins yet you still are screwed if the trusts coins get taken... I guess it could be more palatable to investors to understand how their funds were invested. (In the GBTC units not in some shadowy exchange). I'm assuming there could also be some sort of tax benefits for investment avenues, ira's/roths/etc? But ultimately, coins could be so much cheaper bought on the open market. Is there really enough of a premium to be getting shares in the GBTC vs some thing like coinbase?

I think we will go sideways until Bitlicense is implemented and then all hell will break free. NY Ip's all get banned; DHS seizes Btc-e and Cryptsy. Then Wallstreet rolls in with their licensed ivory towers and gated communities. /Popcorn. Am I overestimating the possible impact of NY regulations? I just see it as both a significant impediment and tipping point. Thoughts?