Grayscale Bitcoin Trust (GBTC)

[Strategyone]

I think the ETF approval will do two things that affect GBTC.

1) BTC price will climb with now greater acceptance (potentially make it slightly less volatile but not until it is at a much higher price, IMHO).

2) At some point in time, the GBTC premium or discount will be much smaller reflecting the GBTC price closer to NAV of the BTC holdings. This is due to more competition for holding assets directly tied to Bitcoin.


Bottom line, its all good.