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I bought one on Fidelity lol $BTC $GBTC Premium Crazy… Baptize Florida https://open.spotify.com/track/3yI5oGYRtqR6ycf7UwehF4?si=3e810a2644444acf
"It's your money, don't give it to Grayscale!"
Author unknown...
Gotta love JGW, lol.
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EZBC = GBTC competition. It's your money J. G. Wentworth...
lol you pay they show.
thx but they are not showing on ihub
70,000 trades so far today.
Dump Grayscale. Go with Franklin Templeton or Bitwise:
Franklin Templeton Cheapest BTC ETF
why are there no trades?
Yeah, the first few days are going to be a little rough. Lots of pent-up demand both ways.
I get that.....but my point is, $42 yesterday, they added 456M to their portfolio. Meaning goes even higher and then tracks with BTC. IMHO
The ETF share price will (roughly) track par value. To make that happen, shares are *created and sold* or *purchased and deleted*.
* https://etfs.grayscale.com/gbtc
Within an hour of the opening bell Thursday morning, Grayscale Bitcoin Trust (GBTC.NaE) sold $456 million in bitcoin ETFs,
Where TF is that reflected in the Share price?!?!?!?! You gained 456M, where is it?
Shorty Ain’t Ready 420 $BTC $GBTC $FBTC PPP!
I’ll Get One Bitcoin @420! 2024! $BTC $GBTC PPP! Country Boys
What to look for when institutional investors unload to retail. Anybody know?
re.
So, one share of GBTC equals how many bitcoin? Coincodex has this:
1 GBTC to BTC 0.00087667
So, one share of GBTC equals how many bitcoin? Coincodex has this:
1 GBTC to BTC
0.00087667 BTC
But it fluctuates. I would expect that with a big bid/ask spread, but it's 2 cents.
And the share to BTC ratio should be stable at a specific amount.
It should be the CoinDesk XBX Index:
...shares are designed to reflect the value of BTC held by the Trust, determined by reference to the Index Price, less the Trust's expenses (1.5% annually) and other liabilities (no idea).
420 “Plenty of room at the Hotel California!” $GBTC
Today 420 PPP $GBTC $BTC
The stars aligned to make this expected $$$$ day, pure trash!
Whipsaw today. It will be a crazy balancing act for all the new ETFs.
My etrade has already switched over. It will happen .
Does that mean the GBTC that I have in Fidelity doesn't count, or does it just take some time.....BC, I'm still not seeing the increase of price....just the quote
This thing is gonna do daily volume by 10:15.
Do a search. They added a second Gbtc but shows Amex.
Oh s#it IHUB is still looking at OTC.
Never mind. Now it’s lit up like a Xmas tree.
My level 2 shows one selling MM and four bidding MM’s.
How many 'Johnny Come Lately' are waking up to this news being mass broadcast this morning?
Psyops?
Hundred Billion Dollars just sitting on the sidelines waiting to get in!
New York Stock Exchange GBTC💰💰💰💰💰💰💰💰💰
X/Twitter Post:
Live Address:
We expect $GBTC will commence trading as an ETF tomorrow, January 11, capping off over a decade of careful planning and hard work.
— Grayscale (@Grayscale) January 11, 2024
For important info & disclosures, visit: https://t.co/nayoA6agcZ
-
Grayscale Bitcoin Trust (BTC) (the “Trust”) has filed a registration statement… pic.twitter.com/hkDwn6vlo1
OTC to NYSE. Settlement is a thing.
Question: So this is converting to the actual ETF and is that why the price is halted? IF so, very happy to have gotten in when I did. I'm feeling like these ETFs are going to open like IPOs, go way up and then way down.
GBTC has converted to a Trust. They want in on the 2024 sucker bubble too. Wow, everything is repeating from junk bond days.
GBTC stock says zero 😂🤣😂 when does trading start?👏
I’m Halving The Best Time Of My Life! $BTC $GBTC Premium Bitcoin Apes 2024
https://open.spotify.com/track/7LygtNjQ65PSdzVjUnHXQb?si=20f7ce4724d84131
GBTC moved to the NYSE ARCA from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Grayscale Investments Receives SEC Approval to Uplist Grayscale Bitcoin Trust to NYSE Arca as a Spot Bitcoin ETF $GBTC $BTC https://www.globenewswire.com/news-release/2024/01/10/2807520/0/en/Grayscale-Investments-Receives-SEC-Approval-to-Uplist-Grayscale-Bitcoin-Trust-to-NYSE-Arca-as-Spot-Bitcoin-ETF.html
45,894 X .00089435 = 41.04
Closed at 40.50. Upside is very limited .54 cents to reach true Net Asset Value.
At the time of posting.
1.5%...going to be lot of outflows. People are cheap. 0% for 6 months for many, and much lower fees. BUT, the issue is also liquidity and how tight the spread is. But I'll hang with GBTC for a month.
Will be interesting to see how this translates to btc by percentage once uplisted. I’m expecting a serious run here.
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