Replies to post #1938 on Grayscale Bitcoin Trust (GBTC)

[Cisckid]

I don't think the Bitcoin ETF will happen.

https://seekingalpha.com/article/4103408-6-reasons-regulators-reject-bitcoin-etfs

Wrapping Bitcoin in an ETF makes as much sense as printing and snail mailing your e-mails.

A "buy and hoard" cryptocurrency ETF would divert attention to price speculation and higher volatility rather than to productive applications of blockchain technology.

Motivations for a Bitcoin ETF are largely to help Bitcoin holders cash out to traditional funds and brokerage accounts.

Cryptocurrencies and blockchain platforms should be selected by users for their utility and efficiency, not by regulators or speculators.

If a bitcoin ETF is eventually approved, it should at least be based on development of a cryptocurrency money market.

[Gujuviper]

Haha, what a joke. You're telling me they will be selling 0.20 BTC for each share for $20. 0.20 BTC right now is worth $948 usd(by the end of next week it will be over $1100) and their ETF has not even gotten approved. They must be in the money losing business. Btwn BTC market is 80 billion thats another fact you got wrong.