Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
⭐ Merited by JayJuanGee (1)
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Also from your other graph % of locked shares is currently at 36,5% which is at the same level as it was in Sept 2020 when BTC price was around $10k. Still high, but will keep going down everyday the primary is closed/fund is trading at discount. At this rate we should be under 25% of locked shares by May 10th, and under 20% by May 24th, so might see discount till May after that things should come back to normal
Also from your other graph % of locked shares is currently at 36,5% which is at the same level as it was in Sept 2020 when BTC price was around $10k. Still high, but will keep going down everyday the primary is closed/fund is trading at discount. At this rate we should be under 25% of locked shares by May 10th, and under 20% by May 24th, so might see discount till May after that things should come back to normal
Very true. The selling pressure is going to be real. I am just curious how Grayscale is going to handle this new situation for them, as they have been riding the positive premium for years!