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Grayscale Bitcoin Trust (BTC) (GBTC_OLD)

OTC Markets
Currency in USD
Disclaimer
40.35
0.00(0.00%)
Closed

GBTC_OLD Comments

@canis ; I had the same question , i dont think they can transform one asset into the new one. I think they will maintain the two in line for a while and we will have to be very cautious since tthe gbtc will be seriously discount from btc then. I d like some advice from people who know how all of this work
Yes, that is my fear. They are doing a buyback to help fix it, but I see that as only a temporary fix. Now that the new SEC head has been voted in, the chances of a crypto ETF in the US go up. The more they pop up, the worse it will be for GTBC. The buyback may help in the short term, but in the long term I can see this becoming irrelevant. Unless they have some other trick up their sleeve.
Do you have an idea when the EFT will be accepted ? I think to close mu gbtc a week or more before, I dont want a 30% or more drop...Nothing on the grayscale web site
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