Don't mind him. He lacks substance. As for sideways action, it makes a predictable trading range, and you should be able to take advantage of this. Another way to look at this is 'range bound' or 'consolidation'. Trade the Range, never mind the noise. If GBTC is in consolidation range, which it can be, there are great odds of a breakout. If the calculated premium recently posted is accurate, this could be cheaper than buying the actual thing. There are such things as mining and exchange fees. Why it's not discussed here is beyond me. Just sayin!