/biz/ - Business & Finance

>>57660408
>Basically they assume the rest of the holdings are worthless?
It's 67% BTC, 22% ETH, and the remainder are some of the largest and oldest blockchains/coins out there. We're not talking millions of dollars of WIF here.

>>57660356
GBTC traded at a similar huge discount to NAV because a bunch of traders got washed out on it and ETF approval was some uncertain catalyst several months away. Didn't help that it traded OTC rather than on the NYSE. Same deal for BITW (even if the SEC approves an ETH ETF, there's still all the other holdings that are up in the air to some extent).