Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
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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!
I say keep it inside their walled garden and let retirement funds enjoy the discount at the cost of arbitrageurs i.e. don't offer redemption and let it trade at discount until all absorbed on the secondary. Allowing redemption will just bring in a ton of market makers forcing the fund to sell real BTC on the market, which might cause further price decrease causing more people sell their shares raising the discount again etc etc at least until US ETF comes online
Are You part of grayscale? Why Else You promote grayscale Here then?
And Why we should be grateful the Bitcoin is low Not even 100k 200k Price range.
If the Wall street are in at least they should send the Bitcoin Price Up Why else we need them in Bitcoin?
Let the grayscale do Something useful for us
And Why we should be grateful the Bitcoin is low Not even 100k 200k Price range.
If the Wall street are in at least they should send the Bitcoin Price Up Why else we need them in Bitcoin?
Let the grayscale do Something useful for us
Yeah pretty much what JJG said, math is under no obligation to you or anyone, honey badger don't care about entitlements or your feelings. Grayscale is just one tool to own BTC indirectly, and it's the easiest way to get exposure to BTC in a US retirement account. Just as a hammer can't do anything useful to you, but if you know how to use it you can build great things with it. fillippone has done a great job collecting the knowledge, tracking performance of this fund and sharing it with everyone so people can better understand it and make more informed decisions. As far as "wall street" they're just a primitive "animal" they only have one function, if there's profit to be made, they'll come (for better or worse)
