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At one year level, the graph shows that GBTC almost grew 300%+ while BTC grew 100%+. At 5 years, BTC grew 1300%+ while GBTC grew 1000%+. How is that possible? I was considering buying Grayscale ETH & BTC ETF. The expense ratio seems very high, and that's when I observed the above pattern.
Fbtc, ibit and ark ratios are not high. 0.21-0.25. Gbtc is useless for retail investors.
Agreed, I decided to buy ETH & BTC directly in my robinhood account. Was just curious about this high discrepancy.
Robinhood?? Buy it on coinbase and then transfer it to a cold wallet. It is not really yours when you do that. They could hacked and might loose it.
There was a heavy discount to net asset value due to the heavy annual fees that Grayscale charges. That, plus forced selling meant that the trading value was markedly less than the value of the bitcoin being held.
Wrong btw
How? That’s exactly why. Google “gbtc discount to nav”.