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Started By
Message
Best securitized crytpo play?
Posted on 2/16/21 at 7:03 am
Posted on 2/16/21 at 7:03 am
is it GBTC?
If someone wants some crypto exposure but doesn't feel like messing around with actual rates trading.
If someone wants some crypto exposure but doesn't feel like messing around with actual rates trading.
5
Posted on 2/16/21 at 7:13 am to truthbetold
Right now, yes. Premium to nav was 8% last week.
So you need to watch for that.
So you need to watch for that.
quote:not sure what this means. But hope for you that it's worth the premium cost as the best way is simply to own btc
but doesn't feel like messing around with actual rates trading.
This post was edited on 2/16/21 at 7:15 am
Posted on 2/16/21 at 7:18 am to truthbetold
Yes but that expense ratio tho
Posted on 2/16/21 at 7:36 am to truthbetold
MARA
Posted on 2/16/21 at 7:43 am to truthbetold
ETHE will be another to look at. I believe returns on ETHE will be greater than GBTC long term. Of course there is a premium to pay.
Posted on 2/16/21 at 8:05 am to mach316
Vanguard will soon be releasing a monster bitcoin ETF that will dwarf others .... that may be one to watch for
Posted on 2/16/21 at 8:28 am to castorinho
Whats the premium exactly? Sorry, retarded...
Posted on 2/16/21 at 9:08 am to truthbetold
What's wrong with GDLC?
Posted on 2/16/21 at 9:16 am to DuppyConqueror84
The premium is what grayscale puts on them actually holding the crypto instead of you having to hold it yourself. Most people don’t want to mess with Coinbase etc. It’s easier to just buy Grayscale products through a brokerage account or IRA.
I own a lot of Grayscale. GBTC, ETHE, LTCN, GDLC, but like I said in another post, I make more money in the mining stocks. More volatile of course!
I own a lot of Grayscale. GBTC, ETHE, LTCN, GDLC, but like I said in another post, I make more money in the mining stocks. More volatile of course!
This post was edited on 2/16/21 at 9:19 am
Posted on 2/16/21 at 10:37 am to mach316
So is that something extra you pay when you buy it or is it already included in the stock price?
Posted on 2/16/21 at 11:38 am to DuppyConqueror84
It’s more of a built in price that fluctuates according to the price of bitcoin, ethereum, etc. There are grayscale calculators that will give you the exact premium price.
Posted on 2/16/21 at 11:59 am to mach316
Gotcha thanks
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