My main reason for bringing it up was ONLY to suggest that the dates for approval might be December 1st at the soonest, and I was not really even caring to get into any of the details of the meaning of what they were doing,
the particular ETF applications involed in the link, dealing with the "cash creation" detail.. are applications that are not even insync with grayscale a couple years ago. though their consultation period may be a couple weeks for this detail. they are still a far behind grayscales progress..
the company you linked is not going to get an approval in december. they just have a deadline to sort themselves out to re apply with an application that sounds more closer to what grayscale was offering 2 years ago.
Yeah, but I already explained that I did not really pick the article in order to describe any substance beyond the fact that the SEC has likely put off its approval of any BTC spot ETF by two weeks because I am pretty sure the SEC made similar requests to all of the ETF applicants to the extent that the ETF applicants might not have already had such clarity in their Spot ETF applications.
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.
Your theory sounds backwards Gormicsta. I would think that if there are other kinds of ETFs or other somewhat competitive products available or the prospects of ETFs getting approved and coming on the market, then that is going to affect the differentiations in trust fund price (and the directions) relative to NAV.