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Reddit Posts

r/BitcoinSee Post

401k

r/CryptoCurrencySee Post

2nd Update on My Grayscale ETHE Bet: Is a spot Ethereum ETF on the Horizon?

r/CryptoCurrencySee Post

The Danger Of Social Media Scams And Why They Hurt The Entire Crypto Ecosystem

r/CryptoCurrencySee Post

David Bailey accuses Barry Silbert of using customer funds to pump GBTC

r/CryptoCurrencySee Post

What happens to Grayscales Trust if they are not able to convert to an ETF?

r/BitcoinSee Post

Grayscale: SEC has no basis to refuse to convert the GBTC trust into a bitcoin-ETF

r/CryptoCurrencySee Post

Osprey sues Grayscale for misrepresenting of GBTC ETF approval

r/BitcoinSee Post

BITCOIN This Week: Eddie Murphy, Trudeau, Sherman, SEC & Gensler, GBTC, DCG, FTX, Cruz, ODELL & More

r/CryptoCurrencySee Post

CRYPTO This Week: Eddie Murphy, Trudeau, Sherman, SEC & Gensler, GBTC, DCG, FTX, Cruz, ODELL & More

r/CryptoCurrencySee Post

GBTC CEO in Hot Seat as he is Grilled by CNBC Host | GBTC is an Unredeemable IOU | Genesis Bankrupt, DCG on The Ropes & More!

r/BitcoinSee Post

GBTC CEO in Hot Seat as he is Grilled by CNBC Host | GBTC is an Unredeemable IOU | 1Bitcoin=1Bitcoin | More From BITCOIN YouTube

r/BitcoinSee Post

Can someone explain this paragraph on GBTC?

r/BitcoinSee Post

Taking control of your bitcoin in case of a GBTC unwind

r/CryptoCurrencySee Post

Ark Invest dumps 500k GBTC shares

r/CryptoCurrencySee Post

Cathie Wood: Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%

r/CryptoCurrencySee Post

Cathie Wood: Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%

r/CryptoCurrencySee Post

An update of my bet on Grayscale GBTC / ETHE discount gap to close, and why I will still buy more.

r/BitcoinSee Post

Genesis Ch 11 Findings: Impact to Gemini Earn Recovery, DCG, GBTC - Twitter Space Sunday 8 am Pacific

r/CryptoCurrencySee Post

[SERIOUS] An explainer on how messy the Genesis bankruptcy can get

r/BitcoinSee Post

GBTC popped 10% in overnight trading and has been closing the discount for the past 2 weeks. Something up?

r/BitcoinSee Post

BITCOIN This Week: Bill Miller, India's Central Banker, Jack Dorsey, Peter Zeihan, GBTC & More

r/CryptoCurrencySee Post

Grayscale Files Response to SEC Amid New Proposal For GBTC

r/BitcoinSee Post

SEC's Gary Gensler Sues GBTC & Winklevoss Twins Parent Companies | GBTC is a IOU | It's NOT BITCOIN

r/CryptoCurrencySee Post

DD: The bull case Grayscale's GBTC bitcoin trust

r/BitcoinSee Post

SEC's Gary Gensler Sues GBTC and Winklevoss Twins | GBTC is an Unredeemable IOU | It's NOT BITCOIN ​

r/CryptoCurrencySee Post

SEC's Gary Gensler Sues GBTC Owner & Winklevoss Twins | GBTC is an Unredeemable IOU | It's NOT BITC0IN

r/BitcoinSee Post

DON'T BUY GBTC | Grayscale is Radioactive | Episode 6 | Judge Bitcoin

r/CryptoCurrencySee Post

Contagion ahead.

r/CryptoCurrencySee Post

Pressure Mounts on Grayscale to Allow GBTC to Bitcoin Redemption

r/BitcoinSee Post

GBTC Leverage Death Rattle? With Steven McClurg — What Bitcoin Did

r/CryptoCurrencySee Post

How the GBTC premium trade ruined Barry Silbert, his DCG empire and took crypto lending platforms with them

r/BitcoinSee Post

GBTC Owner Under Fire By Winklevoss | FTX, Genesis & Gemini Earn Contagion Sparks Self Custody Rush | GBTC is NOT Bitcoin, It's an IOU

r/CryptoCurrencySee Post

Crypto Exposure for Roth IRA (US question)

r/BitcoinSee Post

VIDEO | GBTC Owner Under Fire By Winklevoss Twin | FTX, Genesis & Gemini Earn Contagion Sparks Rush For Self Custody

r/CryptoCurrencySee Post

VIDEO | GBTC Owner Under Fire By Winklevoss Twin | FTX, Genesis & Gemini Earn Contagion Sparks Rush For Self Custody

r/CryptoMarketsSee Post

DD: The bull case for Grayscales bitcoin trust (GBTC) in 2023

r/BitcoinSee Post

GBTC up 3.9% yesterday

r/CryptoCurrencySee Post

The GBTC discount has lost 850k shareholders over 300k bitcoin. Join the grassroots campaign to redeem the Grayscale Bitcoin Trust

r/CryptoCurrencySee Post

Valkyrie Investments Wants to Manage Grayscale Bitcoin Trust while GBTC, the world’s largest bitcoin fund, has been trading at near a record discount relative to the price of bitcoin.

r/CryptoCurrencySee Post

Valkyrie wants to 'manage and sponsor' Grayscale's GBTC

r/CryptoCurrencySee Post

What's going on with TSLA should be a lesson for us all in crypto.

r/CryptoCurrencySee Post

Grayscale $GBTC & $ETHE Discount Analysis

r/CryptoCurrenciesSee Post

How to deal with PRIIPs Regulation from UK?

r/BitcoinSee Post

Sayonara GBTC and ETHE

r/BitcoinSee Post

How many GBTC pegged to one BTC?

r/BitcoinSee Post

What to do with GBTC shares if they do a tender offer after the courts block an ETF?

r/BitcoinSee Post

Grayscale may return some capital to investors if GBTC's ETF dreams fail: WSJ

r/CryptoCurrencySee Post

Why Greyscale Bitcoin Trust (GBTC) Is The Perfect Scam

r/CryptoCurrencySee Post

SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion

r/BitcoinSee Post

GBTC Discussion

r/CryptoCurrencySee Post

Grayscale's GBTC discount to NAV hits all-time low of 47%

r/CryptoCurrencySee Post

Hedge fund Fir Tree Sues Grayscale to Demand Data on GBTC

r/CryptoCurrencySee Post

Assuming Grayscale has not broken the terms of their ETHE (and GBTC) Trust Funds LLCs, and are not committing fraud, and do have OUR underlying assets, what happens if the discount goes to 99.999%?

r/CryptoMarketsSee Post

The Grayscale Bitcoin Trust (GBTC) selling at close to a record 43% discount to the price of the underlying bitcoin in the trust.

r/SatoshiStreetBetsSee Post

GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium

r/CryptoCurrencySee Post

Lawsuit puts pressure on Grayscale to open GBTC books

r/CryptoCurrencySee Post

Bitcoin and Ether Rise While Silvergate Stock Falls and the GBTC Discount Increases

r/CryptoCurrencySee Post

Grayscale provided legal updates on their ongoing petition to covert their Trust to a spot ETF

r/BitcoinSee Post

BTC106: FTX Failure, GBTC, Genesis DCG & More w/ Dylan LeClair Preston Pysh :Well color me Orange after this one

r/CryptoCurrencySee Post

Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens

r/CryptoCurrencySee Post

Am I Bag Holding?

r/BitcoinSee Post

Am I Bag Holding these BTC Related Stocks?

r/CryptoCurrencySee Post

Tin Hat Times in Crypto

r/SatoshiStreetBetsSee Post

Controlling shareholders' stakes in GBTC are 'highly illiquid': Report

r/CryptoCurrencySee Post

bias in crypto reporting from crypto publications?

r/CryptoCurrencySee Post

Post-mortem of DCG's investor letter. What we understand from the DCG and 3AC blowup.

r/CryptoCurrencySee Post

Trying to explain the entire 2022 contagion through a flow chart

r/CryptoCurrencySee Post

Independent research verifies GBTC's 633K Bitcoin: So why won't Grayscale?

r/SatoshiStreetBetsSee Post

Independent research verifies GBTC's 633K Bitcoin: So why won't Grayscale?

r/CryptoCurrencySee Post

Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC

r/SatoshiStreetBetsSee Post

Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC

r/BitcoinSee Post

Grayscale Bitcoin Trust (GBTC) Good Investment?

r/CryptoCurrencySee Post

[SERIOUS] Latest detailed Bankless episode - Most of the 2021 Bull run was caused by a ponzi system created by the crypto hedge funds and yield farming protocols

r/CryptoCurrencySee Post

Bitcoin Maximalist's FUD List after FTX implosion

r/CryptoCurrencySee Post

Cathie Wood and ARK Long Bitcoin for First Time Since July 2021 With Big GBTC Purchase: Report - The Daily Hodl

r/CryptoMarketsSee Post

What is going on with Grayscale Bitcoin Trust (GBTC), the world’s largest crypto fund?

r/BitcoinSee Post

What is going on with Grayscale Bitcoin Trust (GBTC), the world’s largest crypto fund?

r/CryptoCurrencySee Post

What is going on with Grayscale Bitcoin Trust (GBTC), the world’s largest crypto fund?

r/CryptoCurrencySee Post

Cathie Wood's ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows

r/SatoshiStreetBetsSee Post

Cathie Wood's ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows

r/BitcoinSee Post

Greyscale$ GBTC refusing to show proof of reserves? Ruhroh

r/BitcoinSee Post

how to arbitrage GBTC?

r/CryptoCurrencySee Post

Grayscales Bitcoin Trust (GBTC) was up 11% from its yearly lows while BTC made new yearly lows. What could this mean?

r/CryptoCurrencySee Post

GBTC: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

r/SatoshiStreetBetsSee Post

GBTC next BTC price black swan? — 5 things to know in Bitcoin this week

r/CryptoCurrencySee Post

Breaking down assets of DCG, as best as we can externally.

r/CryptoCurrencySee Post

What is GBTC and Why Won't They Show Proof of Reserves

r/CryptoCurrencySee Post

GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

r/CryptoCurrencySee Post

The last 14 years have felt like 14 lightyears. Are you not entertained yet?

r/CryptoCurrencySee Post

I told you guys last week any DCG Digital Currency Group associated exchange, trading, trust, Grayscale, Genesis, GBTC etc is going to be worth next to nothing in the next few weeks or days

r/BitcoinSee Post

Paper Bitcoin (FTX And GBTC)

r/CryptoCurrencySee Post

Grayscale GBTC Trust, the largest legal holder of BTC, refuses to provide any Proof of Reserve, so this Twitter sleuth does a deep dive into Grayscale BTC holdings.

r/SatoshiStreetBetsSee Post

GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

r/BitcoinSee Post

GBTC's public filings are unaudited! But its accounting firm, Friedman LLP, was busted by the SEC this year for "improper professional conduct" in audits of other firms since 2017. Friedman LLP's audits failed to report "materially inaccurate financial statements" & fraud

r/BitcoinSee Post

GBTC Trust Appears To Be Fractional

r/BitcoinSee Post

Is GBTC safe from the spreading FTX contagion?

r/CryptoCurrencySee Post

Everybody Insinuating Grayscale Can Liquidate the Trust to Pay Off Another Companies Debt is an Idiot

r/CryptoCurrencySee Post

Grayscale next to fall? Withholding proof of reserves and trading almost at 50% discount compared to the bitcoin equilavent.

r/BitcoinSee Post

Is grayscale GBTC solvent?

r/CryptoMarketsSee Post

Barry Silbert’s Once-$10 Billion Crypto Empire Is Showing Cracks. Digital Currency Group’s Genesis suspends lending withdrawals; DCG also is parent of Grayscale, issuer of GBTC. Be careful folks!!! GLTA!!!

Mentions

Grayscale does not sell unless shareholders do. Yes, the (more than) 9 new ETFs are buying those bitcoins because people are buying up the shares of new ETFs. There is nothing artificial about it. It's a lot of the same people who held GBTC are now buying other ETFs. Also many new people, including me throwing a few bucks in there.

Mentions:#GBTC

GBTC outflow only (17.5)! Incredibly low!

Mentions:#GBTC

Speaking of GBTC, I saw an advertisement for it at my airport terminal today. It was great seeing Bitcoin being put in people’s faces and being seen as more “normalized”

Mentions:#GBTC

GBTC traded at a discount to spot BTC for the last few years. In June 2023 you could buy gbtc for 45% below the spot BTC price. When they converted to a spot ETF the discount went to zero. So people who bought and held BTC last year are now WAY up. Like 500% up. So now consider those huge gains passing into long-term capital gains territory at 12 months, and gbtc charging excessively high fees, means lots of people are swapping gbtc for other cheaper ETFs or just selling outright. I'm sitting on some that's up 500% and I expect to unload it sometime this year.

Mentions:#GBTC#BTC#ETF

with new investment dollars coming in to the system that far eclipse the price x amount of new bitcoin, that would definitely impact the price. Similar to GBTC, eventually the supply runs out, but fiat never runs out. It gets printed faster and faster annually. Thus the BTC Price goes up forever.

Mentions:#GBTC#BTC

GBTC also has HUGE fees. I'm sure a lot of the outflow is also the inflow to $IBIT and $FBTC

We just had a dip into the mid 60s. You're not getting cheaper BTC and your greed is gonna cost you potential gains when you fomo in later. The halving is 9 days away, GBTC easing up on selling ,China rumored to be getting ready to approve BTC ETFs. You need to hop on the train or get left behind.

Mentions:#BTC#GBTC

Small outflow of 17.5 million from GBTC today

Mentions:#GBTC

Previously before the ETF convert, GBTC holders weren’t able to easily sell their BTC without jumping through hoops or taking substantial tax hits. Now that they can trade freely as an ETF, I’m sure there are folks who’ve been “trapped” for years ready to take profit

Mentions:#ETF#GBTC#BTC

Can someone please explain to me like I’m 5 why GBTC has this massive outflow when the new ETFs started? I thought GBTC was an etf already?

Mentions:#GBTC

GBTC Outflow - $18M

Mentions:#GBTC

I don’t know why anyone would buy GBTC when there are many other ETFs with management fees of 0.12-0.25%. I’d actually say that grayscale may be the worst BTC ETF option out there. Certainly one of the worst

Mentions:#GBTC#BTC#ETF

Are you asking when will GBTC have 0 BTC holdings? That will happen when all the investors leave the fund: when every current investor wants to sell, and the only people buying are market makers exchanging shares for the underlying Bitcoin. Grayscale may reduce their fee to keep that from happening. Otherwise, it's hard to say. Some of the shares are held in taxable accounts, and the owners of those shares won't want the capital gains tax and may continue to hold for years. Also, outflows can take a while as market makers wait for a good arbitrage opportunity betweem share price and Bitcoin value. Yes, GBTC publishes current holdings, and so far they're still the largest.

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

Okay quick question for OP. Do you think it is still good to invest in GBTC and ETHE? What ratios preferred if both? Once NAV reaches zero will you withdraw and reinvest with self custody or what is your probability premiums will return?

Mentions:#OP#GBTC
r/CryptoCurrencySee Comment

Well Done, my friend. I was trying to buy GBTC last year, but my broker wouldn't allow retail clients to own it.

Mentions:#GBTC
r/CryptoCurrencySee Comment

I have a bag of GBTC in my Roth.

Mentions:#GBTC
r/BitcoinSee Comment

ETFs have a redemption mechanism. This is not another GBTC.

Mentions:#GBTC
r/BitcoinSee Comment

Maybe look at GBTC, (grayscale, bitcoin trust)

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; A fake account on the social media platform X, formerly known as Twitter, has been promoting a $25 million crypto giveaway scam. The account, @Grayscale_FND, falsely claims to be associated with Grayscale, a real company in the crypto industry. The scam involves the distribution of a new token called GBTC. The account uses a blue checkmark, which used to signify verification on Twitter but now only indicates a paid account on X. The real Grayscale account has a gold checkmark, a designation for official organizations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

r/BitcoinSee Comment

I am a financial advisor who was orange-pilled by my cousin on a camping trip a few years ago. I have only spoken to clients about Bitcoin when they bring it up but my hope is to begin adding it as an option for those who are open-minded in my investment models soon. I personally hold GBTC within my retirement accounts but expect to wait until a spot-price ETF is approved before adding it. I'm just one advisor, but if my client purchases represent a few million dollars of BTC purchases, what would you guess would happen with the price once Bitcoin is an easy addition for everyone (Both smaller retail and big players like pensions)

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

tldr; David Bailey, CEO of BTC Inc., has accused Barry Silbert, CEO of Grayscale, of using customer deposits to manipulate the price of Grayscale Bitcoin Trust (GBTC). Bailey alleges that Silbert borrowed up to $500 million to prop up the GBTC market, particularly during the collapse of Terra Luna in 2022. He also claims that Silbert used GBTC shares as collateral for borrowing purposes to service bitcoin loans from BlockFi, which later went bankrupt. Bailey equates Silbert's actions to those of Sam Bankman-Fried of the now-bankrupt FTX, who allegedly used his FTT token to artificially inflate the value of his balance sheet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

r/CryptoCurrencySee Comment

Grayscale already own around 640,000 BTC that they want to convert from GBTC into a BTC ETF. There is speculation that Blackrock could now be the 3rd biggest BTC holder https://www.thestreet.com/cryptocurrency/is-blackrock-already-the-third-largest-bitcoin-holder-in-the-world Whether that is Blackrock or not let's be honest it isn't an individual so some institution is filling their bags

Mentions:#BTC#GBTC
r/CryptoCurrencySee Comment

tldr; Ark Invest has reported positive market trends in Grayscale Bitcoin Trust (GBTC), indicating growing confidence in the potential transition to a Bitcoin exchange-traded fund (ETF). This follows a recent U.S. Federal Appeals Court ruling that the Securities and Exchange Commission (SEC) must review and reconsider its rejection of GBTC's application to convert into a spot ETF. Despite a 21.7% liquidation of Bitcoin futures, Ark Invest suggests this was a "cathartic sentiment correction" and highlights a narrowing discount to GBTC's net-asset-value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

r/CryptoMarketsSee Comment

I’m long 10,000 shares of GBTC, equivalent to 9 bitcoin. GLTA!!!

Mentions:#GBTC
r/BitcoinSee Comment

GBTC is a good buy still if you want cheap BTC at a large discount to NAV. I own 10,000 shares or about 9 bitcoins. GLTA!!!

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

Right now GBTC is a closed trust that is traded OTC. * You cannot redeem for BTC * Management fees 2%+ If they are denied they will likely continue business as normal. They might do buybacks. They are making a shit ton on management fees.

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

a lot of investors are eager for a Bitcoin spot ETF, and while the SEC hasn't approved Grayscale's conversion of GBTC into an ETF, other players are in the mix. If the SEC continues to deny Grayscale's conversion, they or other entities could create a new Bitcoin ETF. Approval of a Bitcoin ETF may open doors for other cryptocurrency ETFs, but regulatory uncertainty will continue.

Mentions:#SEC#GBTC
r/CryptoCurrencySee Comment

Nobody knows until the time comes. But I feel like anyone buying GBTC at a discount should realize it doesn't come without risk.

Mentions:#GBTC
r/CryptoCurrencySee Comment

>It continued, saying if there was another reason for rejecting GBTC's conversion besides the Exchange Act’s requirement that rules be “designed to prevent fraudulent and manipulative acts and practices” — it would have already been made clear. What is the end goal for the SEC? This is obviously wanted and bring clarity for them, they're Gary won't do it.

Mentions:#GBTC#SEC
r/CryptoCurrencySee Comment

I understand the discount to NAV for GBTC, ETHE, and GDLC, but can someone explain why there are huge premiums for some of their other products? Examples (as of close 9/05): GLNK market price is $15, but holdings per share is $5.74; FILG market price is $20.05, but holdings per share is $3.01.

Mentions:#GBTC
r/BitcoinSee Comment

> SEC has no basis to refuse to convert the GBTC trust into a bitcoin-ETF DCG's solvency crisis is sufficient basis to shut down the GBTC Trust

Mentions:#SEC#GBTC
r/BitcoinSee Comment

My offer was accepted over the weekend and I had to sell sats to cover the majority of the downpayment. I hadn't sold a single sat since Jan21. What I did to cope was purchase the equivalent amount of GBTC in my 401k. It's not the same as I now have 25% self custody coins and 75% GBTC but it's the next best thing.

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Grayscale Investments has informed the U.S. Securities and Exchange Commission (SEC) that there are "no grounds" to reject the conversion of its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). This follows a court order last week for the SEC to review its previous rejection of the conversion. Grayscale argues that its proposed product is not significantly different from bitcoin futures exchange-traded products (ETPs) that are already traded in the U.S. The company also criticized the SEC's history of rejecting spot bitcoin ETF applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

r/BitcoinSee Comment

Right now I have \~9 BTC via GBTC Trust (10,000 shares). HODL BTC TO RICHES!!! GLTA!!!

Mentions:#BTC#GBTC
r/BitcoinSee Comment

Use your 401k to purchase GBTC

Mentions:#GBTC
r/CryptoCurrencySee Comment

The new verdict was in response to Grayscale’s lawsuit against the SEC, which denied the firm’s application to convert its Grayscale Bitcoin Trust (GBTC) into an ETF on June 29, 2022

Mentions:#SEC#GBTC
r/BitcoinSee Comment

You buy any GBTC in your 401k? If you have a brokerage acct that is an option. My goal is 80% Vanguard ETF, 15% GBTC and 5% risky stuff like high yield ETFs, microstrategy or other crypto derivatives. GBTC is a very risky move in a retirement account because GBTC could potentially never become an ETF or Bitcoin could crash. The likelihood of that happening is fairly low. I'm fortunate enough to have such a nice 401k plan through work that I can take some of these risks. GBTC has been a way less stressful way to "accumulate" bitcoin. I'm focusing on putting more of my extra savings into alt coins now and ill buy more Bitcoin after next bull run from profits.

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Grayscale Bitcoin Trust (ticker: GBTC), the world's largest Bitcoin fund, recently won a major court victory, increasing the likelihood of its conversion into an exchange-traded fund (ETF). However, despite its cheap price, the trust still carries risks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Mentions:#GBTC#DYOR
r/BitcoinSee Comment

Not at all surprising. This is what they always do with BTC ETF applications: delay as long as possible and then reject. Zero chance a Bitcoin ETF gets approved under Gensler unless he is somehow legally forced to accept BTC ETFs. That ruling about the GBTC ETF by the courts was nice but it likely doesn't force the issue, just means Gensler has to come up with different excuses on future ETF rejections. I'm guessing this news is why the market just dropped but it really shouldn't have surprised anyone. I've been very miffed about why so many people suddenly thought an ETF would get approved just because Blackrock filed for one. They have no more chance than anyone else, because everyone has 0% chance, considering the head of the SEC is extremely anti-Bitcoin and anti-Crypto.

Mentions:#BTC#GBTC#SEC
r/BitcoinSee Comment

Of 1.5MM, I'd put 100K into bitcoin itself and 100K into GBTC. I'd keep 200K as dry powder in money-market funds. The remaining 1.1MM would go into a broad assortment of assets, mostly liquid and mostly equities. I'd sell the GBTC if/when it converts to an ETF assuming I've reached long-term capital gains status. If it's late in the halving cycle, I'd keep the proceeds liquid to DCA into BTC during the next bear market. If there's still a year or so of likely bull market left, the proceeds would go into actual BTC to be sold again toward the end of the cycle. I'm not paying off the house in that scenario. Mortgage probably costs less than money market yields right now. Regardless, during the next major bear I'd use dry powder to rebalance back to a roughly 10-15% weight of BTC to prepare for the following cycle. During the euphoria of that cycle, I'd trim BTC back down to 5%. By then I'm probably mid/late-50s and don't need too much volatility. Probably I'd pair BTC with gold with a minimum allocation of 5% each for the long run, and gradually increase my exposure to bonds and other income-producing assets as I cruise into retirement.

r/BitcoinSee Comment

Cost basis and triggering taxes may make this pointless. If you wanna try daytrading BTC maybe play COIN or GBTC or MSTR or other equity heavily influenced by BTC price. Also no trade execution fees and spread is basically nothing (as opposed to fees and spread on BTC on most exchanges)

r/CryptoCurrencySee Comment

Bro in the last 6 months BTC had rallied from 18K to 23K then back to 18K then 25K then crashed to 16K with FTX. It’s merely 24K now don’t worry there still a couple of black swans ahead eg Genesis, GBTC, Silvergate, etc.. you will have another entry to get in. If your FOMO is too strong now then just DCA a bit weekly or even daily, preferably using auto invest. And when the dip comes DONT went all in just buy in tranches.

Mentions:#BTC#FTX#GBTC
r/CryptoCurrencySee Comment

tldr; Digital asset manager Grayscale faces a lawsuit from its competitor, Osprey Funds, which claims it falsely promised to turn its Bitcoin Trust (GBTC) into a Bitcoin spot exchange-traded fund (ETF). The SEC has rejected several attempts to convert GBTC into an ETF in recent years. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GBTC#DYOR
r/CryptoCurrencySee Comment

tldr; Digital asset manager Osprey Funds has filed a lawsuit against Grayscale Investments in Connecticut Superior Court, alleging violation of the state’s Unfair Trade Practices Act. The suit alleges that Graylscale promoted participation in its Bitcoin Trust as a means of accessing a spot-based Bitcoin ETF through the conversion of its $12-billion GBTC. The SEC had rejected Graylescale's application to convert its GBTC into an ETF. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GBTC#DYOR
r/CryptoCurrencySee Comment

If GBTC obtains approval for a spot ETF or allows redemption that so investors to obtain the actual BTC from the trust and you bought GBTC at $8/share, that is like buying BTC at $11,000. GBTC could be the best kept secret in crypto.

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

All these idiots manipulating seemed to have destroyed themselves. Same goes with Barry publishing the leaked Alameda balance sheet on Coindesk which he owns. Later this domino effect would cause the bankruptcy of Genesis which he owns and the destruction of all faith in GBTC and DCG. These people remind me of people that live on earth now and don’t understand we are all connected and when you harm others you harm yourself.

Mentions:#GBTC
r/CryptoCurrencySee Comment

I bought the GBTC bottom with some IRA money and it has been printing.

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Grayscale Bitcoin Trust (GBTC) was launched in 2013 by Grayscale Investments, which later became a subsidiary of Digital Currency Group (DCG) in 2015. GBTC traded at a significant premium to its net asset value (NAV) up until early 2021. Institutional investors could buy or borrow Bitcoins and deposit them in exchange for shares of GBTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GBTC#DYOR
r/CryptoCurrencySee Comment

ETHE is a scam, just like GBTC

Mentions:#ETHE#GBTC
r/BitcoinSee Comment

Not much you can do paying into a pension as those are generally internally managed accounts. If you had a 401K for example, you could choose where to invest that money and GBTC might be a good way to gain direct BTC exposure pricing wise. You do not directly own BTC however, the trust is fully backed by BTC. The shares carry a .00091157 BTC equivalent value. GBTC is the largest single holder of BTC in the world. The beautiful part is that GBTC is currently selling at a whopping -42% discount to its Net asset value or NAV. You won't find that kind of a deal anywhere else that I am aware of.

Mentions:#GBTC#BTC
r/BitcoinSee Comment

I own some GBTC in a Roth IRA I was hoping not to pay capital gains tax on and I also own some Bitcoin which serves as fuck you money in case everything just turns to shit. So I've got skin in the game no matter that happens and I still DCA into BtC every payday.

Mentions:#GBTC
r/BitcoinSee Comment

This is a really good explanation of the ETF problem related to GBTC https://m.youtube.com/watch?v=puEc9r7w7VI

Mentions:#GBTC
r/BitcoinSee Comment

Can you point me to what that is? I have GBTC in my IRA and it’s pissing me off.

Mentions:#GBTC
r/BitcoinSee Comment

What a lying snake that GBTC CEO is. Love how he dodges and "word salads" the questions the lady asks him. Blames the SEC that he can't turn it into an ETF and return the value to shareholders, but instead must sit there and collect the 2% fee (aww, poor guy) each year, which amounts to about $220 million. Yep, $220 million, for nothing but some paperwork each year. Oh, but he's "committed" to lowering the fee. Not gonna lower it right now, because you know, it's a competitive industry...but oh yeah he's committed to lowering it. Wow. And he sounds like a total bureaucrat when he talks.

Mentions:#GBTC
r/BitcoinSee Comment

GBTC is short for GotYour BTC noobs lmao

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

I will caution that some IRA providers (e.g., Vanguard) have recently changed their rules such that you are not allowed to trade in OTC products. As a result, common vehicles like ETHE or GBTC are not offered anymore So, DYOR, as always.

r/BitcoinSee Comment

Buy actual Bitcoin, not GBTC, then send it to your own (hardware) wallet to hold long term. After that, kill your television. Stop watching mainstream "news" propaganda.

Mentions:#GBTC
r/BitcoinSee Comment

one of the reasons its trading at a discount is the counter party risk, when you give GBTC your dollars, are they really buying Bitcoin with that money? Some suspect that they aren't hence the discount.

Mentions:#GBTC
r/BitcoinSee Comment

This is probably worded incorrectly but think of it this way. You can buy and sell the GBTC shares but you can’t convert the shares into the underlying asset which is bitcoin. When you buy GBTC it’s not your bitcoin keys so you don’t own any bitcoin.

Mentions:#GBTC
r/BitcoinSee Comment

tldr; The GBTC trust, also known as the Grayscale Bitcoin Trust, is a private, open-ended trust that holds bitcoin and issues. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GBTC#DYOR
r/CryptoCurrencySee Comment

I think Arthur Hayes is right: whoever needed to sell, already has. I know a lot of first timers who were on twitter and "10k was programmed". 10k could absolutely happen...but what I think is happening: BTC was sold off from it's log chart 2 standard deviations Every miner who needed to sell did as well as the GBTC shit going haywire The reason I am bullish is that I think rates have peaked a long time ago...and that the worry shifts from inflation to growth, and the printer happens. Not the same printer as covid, but we start from a much higher fed balance sheet. We are going over 10 trillion by the end of 24. On a side note: this might be the super cycle-this might be where crypto as a whole is looked at similar to precious metals. The legitimate fear 2 years ago was "crypto will be outlawed" and "bitcoin will go to zero". I think those fears, especially for btc and eth, aren't really there.

Mentions:#BTC#GBTC
r/BitcoinSee Comment

Wtf post is this? GBTC is held in a trust with specific rules. Maybe buy real BTC

Mentions:#GBTC#BTC
r/BitcoinSee Comment

That's illogical! It's impossible for GBTC to have control of your bitcoin.

Mentions:#GBTC
r/CryptoCurrencySee Comment

What's nonsense is saying that custody isn't a risk. Custody is certainly an added layer of risk. People lose their keys and get hacked all the time. Just because it's Coinbase holding onto it doesn't mean the risk is 0%. And as it stands currently, GBTC is currently set up as a trust (not ETF), and has the responsibility of the actual asset. When GBTC started, it was pretty much the only way to get bitcoin exposure in your investment portfolio. However, newer and less risky products exist today to give you similar exposure, without the custody risk.

Mentions:#GBTC
r/CryptoCurrencySee Comment

I've changed my mind on this. I used to support GBTC, but a futures-only based fund like BITO or XBTF is better. Having custody of crypto in an ETF or trust (like GBTC) is an extra layer of (unnecessary) risk. It can be hacked/stolen, lose the keys, or even liquidated in the case of bankruptcy. A futures based only fund doesn't have this added risk.

Mentions:#GBTC#BITO
r/CryptoCurrencySee Comment

Because the SEC said GBTC can NOT be a *spot* ETF. Which inevitably rekt Grayscale, Gemini, DCG, and that's all eventually going to trickle down to you and me this year. It has nothing to do with whether a crypto is a security or not, and everything to do with traditional market shenanigans. The SECs job is to ensure trad markets are safe and fair moreso than deciding what's a security so this indeed falls on them.

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Gemini Earn customers face a potential $485 million shortfall in their bid to be made whole following the Genesis bankruptcy. Genesis claims it has fulfilled its obligations to Gemini by paying out the proceeds of a private sale of Grayscale Bitcoin Trust (GBTC) shares that collateralized the debt. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GBTC#DYOR
r/BitcoinSee Comment

That’s if GBTC is truly buying bitcoin. They’ve failed to disclose their holdings to the SEC, coupled with the Gemini and other issues. Oh, and a 2% management fee. IMHO, Microstrategy is a safer bet and likely to see more institutional investors desiring crypto investments.

Mentions:#GBTC
r/BitcoinSee Comment

Just did some quick googling, not a bad play! $3Bn worth of BTC for a $2.3Bn market cap. But I would suggest that it’s not true arb because they can easily piss money down the drain on their normal operations. The more direct play would be to short BTC and long GBTC as their only operations are to buy and hold BTC for a fee. Currently ~67% upside on the long component vs microstrategy’s 30%.

Mentions:#BTC#GBTC
r/CryptoCurrencySee Comment

GBTC was always a load of bollocks. Don't sweat it.

Mentions:#GBTC
r/CryptoCurrencySee Comment

So it's been reported that ARK invest just dumped 500k GBTC shares

Mentions:#ARK#GBTC
r/CryptoCurrencySee Comment

Yep. She had [at least 7M shares back in early 2021](https://markets.businessinsider.com/currencies/news/cathie-wood-ark-invest-bitcoin-holds-7-million-grayscale-trust-2021-2-1030085954), which is 14x as much as she just sold. She then continued to DCA into more GBTC in summer and fall 2021.

Mentions:#GBTC
r/CryptoCurrencySee Comment

She also bought GBTC back in summer and fall 2021, so she's still probably down 70% on it. That last bump is not even noticeable if you zoom out 2 years.

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Ark Invest has sold 500,000 shares of Grayscale Bitcoin Trust (GBTC) in the past month. However, GBTC’s weight in the portfolio increased despite the sale. GBTC is currently trading at $12.25 compared to the $7.46-$9.48 range it was in back then. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#GBTC#DYOR
r/CryptoCurrencySee Comment

Dumps 500k GBTC shares in the past month Checks charts.....GBTC up over 50% in the past month Sounds like Cathie Woods!

Mentions:#GBTC
r/CryptoCurrencySee Comment

She actually made a profit on GBTC, where she bought right after the FTX crash The question really is whether she paper handed too early or she got out at the right time.

Mentions:#GBTC#FTX
r/CryptoCurrencySee Comment

Wait, didn't Ark just buy GBTC shares 2 or 3 weeks ago? Maybe Cathie knows that some trouble is on the horizon for Grayscale?

Mentions:#GBTC
r/CryptoCurrencySee Comment

Ewww, GBTC isn’t looking exactly solid is it?

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Cathie Wood's Ark Invest has sold 500,000 shares of Grayscale Bitcoin Trust (GBTC) since November's Bitcoin price lows. The company added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. Ark's reduction in shares since November appears in line with its officially "bearish" view on GBTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

I think the reason institutional investors aren't buying is because there's currently no way to redeem. It doesn't make sense for them to lock up funds with a relatively high management fee and no known exit strategy. If something changes, they'll buy in faster than retail investors and take the arbitrage profit. Maybe the discount to NAV represents what institutional investors see as the risk to the crypto market itself. In other words, when people talk about ~$10k BTC possibility, you'll see it reflected in GBTC price. As far as Coinbase, why would they put themselves at risk for stating they are holding the crypto if they aren't? It doesn't make sense for Coinbase to lie about it.

Mentions:#BTC#GBTC
r/CryptoCurrencySee Comment

1 & 2 simply aren't true. At this time Grayscale plays are about whether or not they a) transform into ETFs or b) Open up redemptions. At 2% per annum fee and 40% discount it takes roughly 25 years for the trade to become non-beneficiary. I'm not using the word profitable because that ultimately depends on price movement of the underlying assets and it's possible that the current market price of those assets is inflated. So the question becomes, will GBTC and it's "sisters" stay as they are ( as financial products ) for the next 25 years or will they morph into a more investor favorable products, who knows... If DCG is forced to sell Grayscale to gather funds that probably wouldn't bode well since the new owner would in my opinion most likely keep the status quo to keep raking in those fees. Then again, I'm not really sure why DCG itself even wants to make the trusts ETFs and "release a captured market".

Mentions:#GBTC
r/CryptoCurrencySee Comment

This trade was VERY profitable. GBTC is up substantially from November. And Coinbase is WAY up lately

Mentions:#GBTC
r/CryptoCurrencySee Comment

tldr; Cathie Wood's Ark Invest has sold 500,000 shares of Grayscale Bitcoin Trust (GBTC) since November's Bitcoin price lows. The company added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. Ark's reduction in shares since November appears in line with its officially "bearish" view on GBTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

I’ve heard about this GBTC/BTC bet before and I think it’s interesting, but you’re missing where the risk is. I don’t know where it is myself, but if someone provides a potential 1.5% arbitrage opportunity, it’s believable, although unlikely. At 15%, most of these opportunities are extremely risky. At 35% plus, the risk of going to 0 should be screaming at you in the face. I’m not saying it WILL go to zero, I’m saying HOW it can go to zero should be EXTREMELY apparent if the reward is 35%+ arbitrage. I have not seen that specified here or in other similar posts Therefore until that’s spelled out somewhere, I think there’s a massive risk that’s either unknown to us as retail investors, or is being overlooked.

Mentions:#GBTC#BTC
r/CryptoCurrencySee Comment

GBTC & ETHE sounds a bit like "free lunch" and if we learned something (especially from last year), if it's too good to be true it is probably. I still hope Grayscale can deliver 👌

Mentions:#GBTC#ETHE