Grayscale Bitcoin Trust (GBTC)

[ApollyonZ]

..I'm speaking specifically of the Bitcoin Investment Trust (OTCQX:GBTC), which is OTC-listed (the SEC didn't approve the Winklevoss Bitcoin ETF that tried to list on a big-board stock exchange).

..it is very difficult to short GBTC.

no plans to initiate any positions within the next 72 hours

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..Xapo has not been able to insure its Bitcoin holdings. Without insurance, this could wipe out the value of GBTC shares.
..As long as GBTC remains the insert-text-here

I am/we are long GBTC

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..If you would like to see how the Bitcoin Holdings is calculated, please refer to the disclosure insert-text-here on OTC Markets

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..Bitcoin Investment Trust's premium to net asset value seems to be an American-only phenomenon.

https://whotrades.com/$GBTC?gam=record-instrument-tag

Funds are hoarding 100% over BTC price, but when new ETF starts it will be all out war for GBTC. I was also surprised that most he the hedge funds are from US buying this with investors money.