Bitcoin vs GBTC: An etf will be approved by Jan 15th
I think someone thinks like me here, RgMov is surging in this ratio, showing $BTC outpace $GBTC, Barry Silbert's shady fund, that trades at a massive premium since forever, due to it being the only way to get $BTC exposure for most people with brokerage accounts since basically forever.
Once an ETF is viable, premium will vanish, making this a good bet, if you find a broker that lets you short it (and are able to buy real $BTC or futures at Bakkt or CME for the same dollar amount as you short in $GBTC shares). Risk 7% to make up to 30-40% on this trade.
15% allocation would be a good fit.
Cheers,
Ivan Labrie.
Once an ETF is viable, premium will vanish, making this a good bet, if you find a broker that lets you short it (and are able to buy real $BTC or futures at Bakkt or CME for the same dollar amount as you short in $GBTC shares). Risk 7% to make up to 30-40% on this trade.
15% allocation would be a good fit.
Cheers,
Ivan Labrie.
' Next daily signal can reach between 9974.43 and 10827.93, which would be enough to confirm the long term uptrend I expect in #Bitcoin. For it to trigger we need to hold sideways here first, and then confirm an advance moving up sharply from this area