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truthbetold
Illinois Fan
Member since Aug 2008
7031 posts

Best securitized crytpo play?
is it GBTC?

If someone wants some crypto exposure but doesn't feel like messing around with actual rates trading.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
75208 posts

re: Best securitized crytpo play?
Right now, yes. Premium to nav was 8% last week.
So you need to watch for that.

quote:

but doesn't feel like messing around with actual rates trading.
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
This post was edited on 2/16 at 7:15 am


Honkus
USA Fan
Member since Aug 2005
43272 posts

re: Best securitized crytpo play?
Yes but that expense ratio tho


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Supravol22
Tennessee Fan
Member since Jan 2011
13987 posts

re: Best securitized crytpo play?
MARA


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mach316
LSU Fan
Jonesboro, AR
Member since Jul 2012
4297 posts

re: Best securitized crytpo play?
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.


cadillacattack
Auburn Fan
the ATL
Member since May 2020
1458 posts

re: Best securitized crytpo play?
Vanguard will soon be releasing a monster bitcoin ETF that will dwarf others .... that may be one to watch for


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DuppyConqueror84
Alabama Fan
Member since Nov 2012
333 posts

re: Best securitized crytpo play?
Whats the premium exactly? Sorry, retarded...


seawolf06
LSU Fan
Raleigh, NC
Member since Oct 2007
7708 posts

re: Best securitized crytpo play?
What's wrong with GDLC?


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mach316
LSU Fan
Jonesboro, AR
Member since Jul 2012
4297 posts

re: Best securitized crytpo play?
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!
This post was edited on 2/16 at 9:19 am


DuppyConqueror84
Alabama Fan
Member since Nov 2012
333 posts

re: Best securitized crytpo play?
So is that something extra you pay when you buy it or is it already included in the stock price?


mach316
LSU Fan
Jonesboro, AR
Member since Jul 2012
4297 posts

re: Best securitized crytpo play?
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.


DuppyConqueror84
Alabama Fan
Member since Nov 2012
333 posts

re: Best securitized crytpo play?
Gotcha thanks


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