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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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26259787 No.26259787 [Reply] [Original]

The premium on gbtc has evaporated
This bullrun partially propped up by institutions arbitraging the insane premium on gbtc
no more premium = no more institutions buying =
its over

>> No.26260519

>>26259787
I told you

>>/biz/thread/S25600560

>> No.26260572

>>26259787
the premium disappeared because competitors entered and it became easier to short.

you can still pick up the rest of the premium. check the warosu link

>> No.26260584
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26260584

>>26259787
>>>/biz/thread/S25600560
>>26260519
>It's over!
How much do your masters pay you?

>> No.26260679

>>26260572
i was shorting gbtc on ftx for free money, but it is literally nothing. The 24 hour volume is $6,859. It has absolutely no impact on the premium of gbtc

>> No.26260680

>>26260584
why dont you learn how to read u fucking niggerbrain, I presented an arbitrage opportunity that literally has no exposure (short nor long) to the btc price.
ffs is this board really filled with sub 90 iq ppl only?

>> No.26260739

>>26260679
you can DM SBF on twitter and do an OTC trade both sides on the GBTC one. I traded 500k on this one.

>> No.26260804
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26260804

>>26259787
it's coming back

https://www.bybt.com/Grayscale

>> No.26261035

>>26260804
>>>/biz/thread/S25600560
this does not necessarily mean that GrayScale is buying, since you can buy GBTC in exchange of BTC.
A part of the Bitcoins they accumulate may be Bitcoins rich people already owned