The GBTC market closed at the all time low at 27.15 dollars per share (~280 dollars per bitcoin) with volume of 4950 shares (less than 490 bitcoins).
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
thats actually pretty nice news. More people will want to invest as the price becomes more reasonable.
no i think is bad ie bad for these type of products. if the early adopters to something (here a way of getting into the market without actually owning bitcoin) get burnt - as i assume they bought their shares at a much higher value a year ago - and in the longer term there is no material benefit (premium) from doing something (eg buying GBTC over bitcoin itself) then GBTC will just wither on the vine.