They seem happy to take it right up their rectum from them.
Another 7100 BTCs. Mad.
They have amazing traders...remember, that they "hook" up with Goldman for this 'operation".
No discount, and even slight premium despite all that negative money flow.
Yet, i divested 66% into 50:50 mix of FBTC/IBIT (at 0.13% GBTC premium to NAV).
Currently roughly in 1:1:1 GBTC/FBTC/IBIT in IRAs
Why? It seems that there is no stop to the flow of funds.
Today, they introduced a mini-fund, incredulously called BTC (sic!).
Perhaps, almost all GBTC would become BTC (fund), but what's the benefit?
I did not transfer 100% because I am curious: maybe they would be able to concoct a premium out of this?