Nice to see the GBTC spilt went off without a hitch. I was a little worried it might tank, but it finished with a 6% gain. It will be interesting to see how GBTC responds the next time BTC has big run up.
I admit that I´m a little surprised about the whole price action surrounding the GBTC split.
After the announcement of the split the price increased by 12 % and now after the actual
split it increased by another 6 % as you pointed out. Maybe this is the same psychological
bias that was/is driving the rise of some high-supply altcoins. People just are more likely
to invest in something that appears cheap on the surface.
Besides, it is interesting that a single GBTC share now represents only a tiny 0.00101 Bitcoins.