Post
Topic
Board Speculation
Re: GBTC Bitcoin Investment Trust Observer
by
plusalpha789
on 30/01/2018, 15:18:15 UTC

Everyone knows other funds will come out and the premium will go away, but until then there is only one game in town.


GBTC IS NOT the only game in town, it is just the most expensive by far.  That was the whole point of this post: https://bitcointalk.org/index.php?topic=337486.msg28835640#msg28835640  As I write this, GBTC's premium to underlying bitcoin value is 74%, thanks to the split enabling a new cohort of buyers in the last couple days.  As word spreads that there are near-zero-premium alternatives available, that premium is going to come down.