✴️ #GBTC #crypto #watchlist
Ned Davis Research: GBTC potentially doubling by midyear.
GBTC’s share price trades at a 47% discount to its underlying NEV
Grayscale (the fund’s corporate sponsor) wants to convert GBTC into an ETF, it’s the best way to close the discount #etf
SEC rejected Grayscale’s bid to convert GBTC into an ETF, prompting Grayscale to sue the agency. The trial is set to begin on March 7 #court
Grayscale plans to return up to 20% of GBTC‘s capital to shareholders if its legal strategy fails #buyback
Grayscale doesn’t have a redemption program in place = investors are screwed unless the SEC grants its proposal to convert to a Bitcoin spot ETF #redemption
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early: Morgan keeps buying GBTC
Ned Davis Research: GBTC potentially doubling by midyear.
GBTC’s share price trades at a 47% discount to its underlying NEV
Grayscale (the fund’s corporate sponsor) wants to convert GBTC into an ETF, it’s the best way to close the discount #etf
SEC rejected Grayscale’s bid to convert GBTC into an ETF, prompting Grayscale to sue the agency. The trial is set to begin on March 7 #court
Grayscale plans to return up to 20% of GBTC‘s capital to shareholders if its legal strategy fails #buyback
Grayscale doesn’t have a redemption program in place = investors are screwed unless the SEC grants its proposal to convert to a Bitcoin spot ETF #redemption
————————-
early: Morgan keeps buying GBTC