Grayscale Bitcoin Trust (GBTC)

[Tenured]

Tired of that crap too. Gbtc is suppose to return a premiums similar to bitcoin. I Read that for a particular period bitcoins return was like 1550% and gbtc was 1600%. Can remember the exact number but the difference was less than 50%. That amounts to gbtc return was about 3% higher than Bitcoin if that makes any sense (percent of a percent).

People insist on trying to track the "premium" day to day. Honestly I don't think it works that way but if people want to do it great. I think it matters what the "premium" is over a particular period as determined by how much did gbtc earn compared to bitcoin