GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX Message Board

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Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX

GBTC 83.34

-3.8%

Oct 30 4:00 PM EDT

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To: Ron who wrote (254)	1/11/2024 9:57:24 AM
From: Elroy	Read Replies (1) of 270

Does anyone have a quick easy explanation of how GBTC behaves differently when it's an ETF rather than a trust. I think as a trust it's like a closed end fund. It has the Bitcoin assets, but the share price of GBTC is determined by the market, and there's nothing that fixes the GBTC price to the value of the underlying Bitcoin. This is why GBTC has at times had large premiums and discounts. When it's an ETF........what is it that locks the GBTC ETF share price closer to the actual price of the bitcoin assets which it holds? An easy explanation? ----- On a different note, does anyone know what GBTC does (ignoring the ETF thing) to assure the market that it actually holds the number of Bitcoin it claims to hold? In other words, how do we know it wasn't hacked and all the bitcoin stolen 2 years ago?

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