It’s like the GBTC premium, but in Chinese silver
Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.
Read more (3 min) →6 stories, newest first
Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.
Read more (3 min) →Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
Grayscale must ensure that GBTC’s share price tracks bitcoin's price. This requires selling and buying bitcoin every day.
Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were "arbitrary."
Usually trading way above bitcoin's spot price since 2015, Grayscale's Bitcoin Trust is currently at a -35% discount to its Net Asset Value.
BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.