GBTC Bitcoin Investment Trust Observer

[BitcoinerXX]

new all time high close at $619.98  

new all time high 52-week of $624.50

[mmortal03]

Highest percent diff vs BTC since the craziness of two months ago.

[Bitcoinaire]

I think the difference will just widen as the price and popularity continue to grow.

[mmortal03]

Monday morning is going to be an event.

[Bitcoinaire]

Monday morning is going to be an event.

Just what I came her to say. Gonna be huge.

[mmortal03]

lol: "Proof That Some Bitcoin Investors Don't Feel Pain"
https://seekingalpha.com/article/4099353-proof-bitcoin-investors-feel-pain

[Bitcoinaire]

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

[mmortal03]

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

I keep thinking that some whale is going to take their GBTC profits any day now...

[notme]

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

I keep thinking that some whale is going to take their GBTC profits any day now...

I sure hope so... I never got back on the train after I sold at $540.  Oh well, straight BTC has done well for me.  It just would have been nice to collect some more tax-sheltered gains in my Roth IRA.

[mmortal03]

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

I keep thinking that some whale is going to take their GBTC profits any day now...

I sure hope so... I never got back on the train after I sold at $540.  Oh well, straight BTC has done well for me.  It just would have been nice to collect some more tax-sheltered gains in my Roth IRA.

Same.

[megadeth]

New ATH $841.50

[mmortal03]

890.50. This thing is mooning.

[Raimonn]

The prices of GBTC are a bit crazy, today it cost more than 920$. It seems easier breaking the 1.000$ per share, than going down to catch the real bitcoin price.

[gentlemand]

Are there any graphs out there displaying the premium history over BTC?

If I was invested in this I'm not sure whether I'd feel euphoric or whether I'd be shitting myself. It just goes to show the appetite for investment vehicles.

[Bitcoinaire]

It finished at $927 with a high of 932.30, +11.29%.  GBTC is at a 119% premium over Bitcoin.

[mmortal03]

Can anyone confirm the October 7th SEC approval deadline?:

https://seekingalpha.com/article/4097364-bitcoin-investment-trust-events-coming-head

[notme]

Are there any graphs out there displaying the premium history over BTC?

If I was invested in this I'm not sure whether I'd feel euphoric or whether I'd be shitting myself. It just goes to show the appetite for investment vehicles.

Not premium per-se, but their site has a graph with price/share and net asset value/share: https://grayscale.co/bitcoin-investment-trust/#market-performance

$1005/share, $432 NAV/share currently.  Crazy.

[gentlemand]

An interesting factoid -
http://www.investmentnews.com/article/20170831/FREE/170839978/sec-names-dalia-blass-director-of-investment-management

The new SEC head of investment management, the bit that approves ETFs is a lawyer formerly engaged by the Winklevii. It's coincided with a juicy fall in the premium which could  be pure coincidence.

An ETF will still be an exceedingly long shot.

[Bitcoinaire]

https://www.cnbc.com/video/2017/08/31/short-seller-andrew-left-targets-grayscales-bitcoin-trust.html?play=1

According to this fella we're 6 months out from ETF's and other crypto currency instruments.


Edit: If we start to really rally hard over the next month or so, do any of you believe GBTC can still continue to increase its premium?

[mmortal03]

lol: http://www.marketwatch.com/story/the-wall-street-investor-who-sank-valeant-thinks-a-bitcoin-fund-is-the-most-dangerous-2017-08-31?link=sfmw_fb