- GBTC has been actively traded before the spot Bitcoin ETF approval
- GBTC opened slightly higher today with much more trading volume
- High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days
- GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is...
Introduction:
Exciting news has hit the cryptocurrency market as Grayscale Investments, the renowned digital asset management firm, has successfully won over the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This groundbreaking development has sent shockwaves through the industry, and traders now find themselves at the cusp of...
The OTC:GBTC -to- BITSTAMP:BTCUSD discount has probably passed its peak, and the market is seeing the progress in court and the clock ticking towards a court decision as a good thing. I'm bullish on OTC:GBTC for the win, with a swift close of the gap once the court's decision issues. "Win" can have many flavors, however, so the gap may not close completely....
