the knifeprty




Thu Dec 15 01:49:40 2022 (*6952cd93*):: The rules around share issuance and redemptions for GBTC are so screwed. They can’t do both at the same time- there has to be a 6 month period between when they offer issuances and when they offer redemptions. And if they offer redemptions now the market might just pull out everything and send AUM to zero without them being able to issue anything to add back to AUM. It’s almost like the SEC set them up to fail in 2016. If they could just convert to an ETF a lot of the BS would go away. +public! *** Grayscale Bitcoin Trust Discount Reaches Record 50% *** The shares have not traded at a premium to bitcoin since last March. *** (*54b3f3ac*):: maybe. they still wont share their holdings with anyone citing ‘security concerns.’ do they not know how blockchain works or are they scammin? pretty shady (*6952cd93*):: well the thing with that is their holdings are with coinbase custody so, if grayscale is scamming, so is coinbase, and everything goes full FUBAR lol
(*4cfb807c*):: 13k is only -36% from here, the % diff from ATH is 3.5x from here

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