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IvanLabrie

GBTC: Barry Silbert's ETFs are not acting well

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IvanLabrie Updated   
OTC:GBTC   None
GBTC Bitcoin (Cryptocurrency) bitcoinetf
11
0
gbtc bitcoin bitcoinetf
Just a heads up, Mr Silbert's ETFs aren't doing well, and examining the holdings, each share represents only a fraction of a Bitcoin, and are currently trading at a big premium, so, better own coins directly, and leave the ETF alone. It can fall or lag Bitcoin's performance, based on this fact, and it's trading very thinly.

And, about ETC, I recently took a technical trade, but it looks like it is set to underperform BTC and ETH now, so I reccomend to stand aside from it.
This is a good summary of my thoughts about it too: www.huffingtonpost.c...y-si_b_11396054.html

Good luck,

Ivan Labrie.
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