no i think is bad ie bad for these type of products. if the early adopters to something get burnt ARE STUPID AND BLINDLY INVEST WITHOUT DOING THEIR RESEARCH  - 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 THEY WILL LOSE THEIR MONEY, AS THEY SHOULD.