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deadboy

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deadboy

Re: None

Wednesday, 05/24/2017 8:41:07 PM

Wednesday, May 24, 2017 8:41:07 PM

Post# of 26496
Why does GBTC not track Bitcoin the same way GLD tracks gold? I read the 10Q and I see GBTC started off tracking Bitcoin by 1/10th value. They are a passive fund that only sells bitcoin to cover admin expenses which are tiny. But it looks like we are trending well above 1/10th Bitcoin. I understand there is unlimited shares as the more people buy, the more Bitcoin the fund buys. Is the appreciation due to anticipation of not being able to meet demand at spot price and expected appreciation?

I'm new to Bitcoin, so thanks in advance.
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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