Post
Topic
Board Bitcoin Discussion
Re: Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
by
Gormicsta
on 18/11/2023, 18:54:06 UTC
Speaking of those funds, it is absolutely mind blowing how they are trading: none at NAV, BTC and ETH at discount, ETC at huge discount, while other LINK for example at an astonishing premium.

Well that's certainly because the demand of LINK from the investors drives its trading price. the demands are pretty high, Hence the reason they can trade at a premium, investors are willing to pay more than the NAV of the funds. They  are pretty optimistic about the prospects of the assets so you can't blame them for being willing to pay a premium for those assets. I believe the investor's sentiment isn't that optimistic about BTC, ETH and ETC, Hence the reason the funds are traded at crazy discounts. It sure is Mind blowing lol.