GBTC Bitcoin Investment Trust Observer

[Bitcoinaire]

So I guess this is pretty much the GBTC and general crypto fund thread. I see that Grayscale has now released Ether Classic (ETC) and Zcash (ZEC) funds. Any thoughts on these and/or anyone invested in them or planning to?

If I'm not mistaken, those two are currently for accredited investors only.

[megadeth]

Record date of Dec 4th announced for BTG distribution :
http://www.otcmarkets.com/stock/GBTC/news/Bitcoin-Investment-Trust-Announces-Record-Date-for-Distribution-of-Bitcoin-Gold?id=176190&b=y

[mmortal03]

GBTC is dropping a bit. I wonder if we'll see a further drop into next week given the CBOE futures trading announcement (on top of the already announced CME trading).

[MrSunshine]

GBTC is dropping a bit. I wonder if we'll see a further drop into next week given the CBOE futures trading announcement (on top of the already announced CME trading).

I am not sure, while for institutions the futures market would make sense, for your average person on the street GBTC is the easiest way to gain exposure. It dipped but came back quite a bit quickly, so the demand is still there.

[NvPahrump]

GBTC is dropping a bit. I wonder if we'll see a further drop into next week given the CBOE futures trading announcement (on top of the already announced CME trading).

GBTC is on a ROLLER COASTER

On Dec 5, GBTC opened at 1880.50

39m later spiked +13.3% to 1905.55

two hours later dropped -41% to 1350.00

32m later climbed back up +22.8% to 1658.36

then went up and down for 3h 45m closing the day at 1573.88

down -13.76% for Dec 5

THOSE ARE SOME BIG SWINGS!

[MNDan]

Motley Fool FUD to blame I reckon...

https://www.fool.com/investing/2017/12/04/this-bitcoin-fund-could-plunge-when-bitcoin-future.aspx

[NvPahrump]

GBTC dropped 40% Dec 5 just like Motley Fool says predicted then climbed back up halfway at the close. I wonder if GBTC will re-structure to make it more competitive with next week's futures product introductions?

[MrSunshine]

Motley Fool FUD to blame I reckon...

https://www.fool.com/investing/2017/12/04/this-bitcoin-fund-could-plunge-when-bitcoin-future.aspx

But with BTC up another $1,000 overnight I think this will be ignored and GBTC will be up 300 - 400 at the opening bell.

[MNDan]

Fidelity just put a ban on day trading/buying GBTC it looks like. Weird?

[TERA2]

I wonder if future's will make gbtc a good short snice people don't need gbtc and its ridiculous premium anymore.  I'm thinking of a play where you simultaneously long futures and short gbtc

[mmortal03]

Fidelity just put a ban on day trading/buying GBTC it looks like. Weird?

Link?

[mmortal03]

I wonder if future's will make gbtc a good short snice people don't need gbtc and its ridiculous premium anymore.  I'm thinking of a play where you simultaneously long futures and short gbtc

I don't think you can easily short GBTC.

[CrazyLoaf]

Fidelity just put a ban on day trading/buying GBTC it looks like. Weird?

I think many brokers are now limiting access to GBTC and CoinXBT. Hilarious that they started doing this before the biggest bull market in BTC history.

[NvPahrump]

Scottrade.com does not let me buy GBTC on margin

[mmortal03]

https://www.cnbc.com/video/2017/12/12/fundstrats-tom-lee-heres-how-to-play-bitcoin-without-actually-buying-it.html?play=1

[MrSunshine]

I understand payouts from the BCASH distribution should occur any day now, has anybody got it in their accounts?

[mmortal03]

I understand payouts from the BCASH distribution should occur any day now, has anybody got it in their accounts?

I think their sale was supposed to last up to 90 days, which would put it in the first week of February at the latest before they could technically be done with the sale. I *guess* it could happen earlier than that.

[DieJohnny]

Hey all you GBTC haters and lovers, just want to inform you that i just got a GBTC dividend today and it was HUGGGGE!!!!! Until I can pick another crypto Ticker on my trade account GBTC is the complete BOMMMMMMMBBBBB!!!!!!!!

[mmortal03]

Hey all you GBTC haters and lovers, just want to inform you that i just got a GBTC dividend today and it was HUGGGGE!!!!! Until I can pick another crypto Ticker on my trade account GBTC is the complete BOMMMMMMMBBBBB!!!!!!!!

Oh, wow, I did, too. We got our BCH dividend!

[CrazyLoaf]

Any updates on XBT Provider / Coin XBT ETN shares BCH dividend? They opened up a site for claims, but I'm pretty sure the brokers have to use it, not individual share holders.