IvanLabrie
Long

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.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading
What makes you certain that an ETF will be approved?
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usablewifi usablewifi
@usablewifi, or are you just making shit up like the rest of TV?
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IvanLabrie usablewifi
@usablewifi, it's a guess, once it happens this chart will shoot up, as premium will evaporate for $GBTC. Not 'making shit up', just looking at probabilities.
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usablewifi IvanLabrie
@IvanLabrie, I see you changed the language of your original response, which made an ETF approval sound imminent
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IvanLabrie usablewifi
@usablewifi, I think it's way better to buy real Bitcoin, rather than this fund. Premium is now like 10%, it should be an easy profit in the long term, if you find where to short it.
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usablewifi IvanLabrie
@IvanLabrie, I do agree that owning the underlying is far better
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Why Jan 15th?
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@Spofas, it's the next SEC deadline...
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Paczcz IvanLabrie
@IvanLabrie, Jan 15? The Phoenix Fund deadline is Feb 26. Which one are u talking about?
+1 Reply
@Paczcz, it seems CME options kicked in a ton of buying here, maybe in anticipation of tomorrow. I had read it was a BTC investment trust, from NYSE.
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