Sam on Nostr: GBTC discount might widen in the short term as Genesis and DCG sell the shares they ...
GBTC discount might widen in the short term as Genesis and DCG sell the shares they can to raise cash. But long term I think it’s actually kind of bullish because it increases the likelihood of the trust moving to a new sponsor, which I think would be beneficial for GBTC shareholders.
Published at
2023-01-18 23:34:15Event JSON
{
"id": "365f97ecd167e82272cbb6d5ab73d52160bb4bb45cce2fbd4f1b0029212235f4",
"pubkey": "4872ee10c51e6d22d4fe62b9d76d0aecc9e5efd70a5c5eaea050eaae1656f154",
"created_at": 1674084855,
"kind": 1,
"tags": [
[
"e",
"c6067671550dc2fb95c734fc1ff6bde81561db7bd095deb7e9aeb1e7ca3d9f39"
],
[
"e",
"f914c1b8ed1814afb4553d1bd4def5d3ce5c476fb00ed8bb9df670cef0389535"
],
[
"p",
"85080d3bad70ccdcd7f74c29a44f55bb85cbcd3dd0cbb957da1d215bdb931204"
],
[
"p",
"6269828e0651c5ffbec3dde89973f00b837e551e3cbb4f0ffb73810ce6281542"
],
[
"p",
"5b8e58ae032db57a2bf5f460918caec64e499c76ff97077f28adb9e8715f0db6"
]
],
"content": "GBTC discount might widen in the short term as Genesis and DCG sell the shares they can to raise cash. But long term I think it’s actually kind of bullish because it increases the likelihood of the trust moving to a new sponsor, which I think would be beneficial for GBTC shareholders.",
"sig": "1cf6fc802fc73c7edfe46a2ae67eb4283c9adb8d6371f1ac45b013dc771e0010840f1d0d69fdf1f9b9bfe8f36d3c9b2bb6da9ea9fe9b85deef3838dc25ba7f4e"
}