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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

GBTC 89.02

-1.2%

Oct 28 4:00 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn Petersen who wrote (244)	11/24/2023 8:09:28 AM
From: Elroy	Read Replies (1) of 270

If GBTC converts into an ETF, does anyone know the simple explanation for what that means for GBTC's operations? With GBTC as an ETF, if someone buys $10 million of GBTC does it mean that GBTC must immediately go into a crypto exchange and buy $10 million actual bitcoin, and vice versa when someone sells GBTC? So the price of the GBTC ETF must always equal the GBTC NAV, and the price of GBTC moves almost identically to Bitcoin's price movements, and the number of bitcoin held by GBTC must flucture with each buy and sell? Is that understanding of the GBTC ETC conversion correct?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next