If I buy a Gold ETF or whatever derivative and for some reason the counter party makes a mess I can not claim the gold it should represent.
Читать полностью…Yeah, would allow arbitrage to close the discount. Buy GBTC -> redeem for BTC -> sell BTC
Читать полностью…Gives credence to the idea that GBTC didn’t want to disclose their reserves for fear of contributions being traced to dirty money
Читать полностью…Evan conversation about coins under 1B are restricted to @intothecryptocosm channel
Читать полностью…Locked up indefinitely like two years worth of miner emissions from BTC. Was a massive contribution to the bubble
Читать полностью…Keep an eye out for inverse James Cramer etf. Inverse Jim Cramer etf has been launched I believe
Читать полностью…it wasn't just December, apart from BUSD...last 6 months of 2022 —> $0 print for a lot of stables
Читать полностью…💎🙌“Trying to carve out some macro bottom.”✔️#StackCash #DCA
📺https://youtu.be/8Fo-YXsRyss
Yeah but legally, assuming this a legal construction, people bought the share, not the BTC. So they have no legal claim to the BTC, that’s the risk you’re exposed to for not buying the thing itself.
Читать полностью…One way only, but now out instead of in. ETF would mean both in and out. Currently neither in nor out
Читать полностью…But what is it the plebs want now? Redeem the original Bitcoin? Because they can sell the shares right?
Читать полностью…The last time Grayscale broke out the numbers in Q3 2019, they said that the majority of deposited value into their family of trusts was in crypto, not dollars:
“Nearly 80% of inflows in 3Q19 were associated with contributions of digital assets into the Grayscale family of products ‘in-kind’ in exchange for shares, an acceleration of the recent trend, up from 71% in 2Q19.”
i'ld be curious to see the compliance side of that, might have offered a nice offloading ramp for dirty money in crypto
Once BTC futures ETFs got approved it killed any point of GBTC since around 75% lower fees for same exposure
Читать полностью…December wasn't a significative deviation from the trend...said this, I don't have technical depth about stables shady mechanism
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