WTF? GBTC is a ridiculous asset. Would you pay effectively $2,000 an ounce, for a gold ETF?
I realize that GBTC is in limited quantities, and that is why this is happening, but it's still kind of insane. I also realize that people are willing to pay a premium since GBTC is the only way to get exposure to bitcoin in a retirement portfolio, but at most that premium should rationally be maybe 20-30% or so.
I can't wait until a real bitcoin ETF is available that trades in lockstep with the actual bitcoin price.
Submitted April 27, 2016 at 12:07AM by jratcliff63367 http://bit.ly/1T2D4Iy
No comments :
Post a Comment