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Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX -- Ignore unavailable to you. Want to Upgrade?


To: Area51 who wrote (184)12/17/2020 2:44:15 PM
From: Area51  Read Replies (1) | Respond to of 270
 
ok I guess I can answer my own question with the info in the article I linked.
GBTC value is 0.00095 * 23259 (current bitcoin price in $) = 22

29.3 (current price)/ 22 = 1.33 so current premium is about 33%.



To: Area51 who wrote (184)12/17/2020 4:05:45 PM
From: SGJ1 Recommendation

Recommended By
Area51

  Respond to of 270
 
docs.google.com

GBTC has traded as high as an 80% premium over BTC. That's why GBTC hasn't hit an ATH, while BTC has. The current premium is fairly conservative. I have always timed my purchases when the premium was below 25%. In this Fund, you are paying a premium for a service and convenience.