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S&P 500
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US TECH 100
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2.17%
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Dow Jones
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Strategyone

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Strategyone

Re: Ann1 post# 23977

Thursday, 02/18/2021 1:44:24 PM

Thursday, February 18, 2021 1:44:24 PM

Post# of 26491
Ann1, those days are hopefully over.

That was a built in premium over the NAV of the bitcoin holdings. In most other pure asset holdings trusts, the price is very close to the NAV.

For GBTC, there may always be a slightly higher premium because of the volatility of bitcoins price and that it moves 24/7 compared to stock market hours.

In fast moving rising prices, the premium for GBTC will be higher going into weekends.

The other reason for the premium being substantially gone, is that now we are seeing more and more funds on the market that give exposure to bitcoin (including the first ETF in Canada). More competition.
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