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RE: Leo Talk 5/25/21 - Come Join Our Chat (Part 1)

in LeoFinance • 4 years ago

The premium on GBTC really closed a great deal yesterday. Not sure why that happened.

Anyone following this who can offer some insight? I guess they are probably getting close to the time when things are going to be opened up and the shares can be sold.

https://ycharts.com/companies/GBTC/discount_or_premium_to_nav

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4 years ago in LeoFinance by
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     4 years ago  

    I do not know anything about it. I just learned that they have 3.5% of the Bitcoin available. I also found this article as well about a new Exchange Traded Fund (ETF) that will be investing in the GBTC.

    https://www.thinkadvisor.com/2021/05/25/new-etf-would-invest-in-grayscale-bitcoin-trust/

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       4 years ago  

      I don't know but it was bound to close at some point. Maybe the profit takers have gotten out of their positions.

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