• Free-Bass-2022@alien.topBEnglish
    1·
    10 months ago

    You’re bang on the premium was insane at the start of the year, its now only 15% ETHE was near 50%, again now down to about 13%

    Its well worth the play, I cant access it in my tax free account otherwise I would be all over it.

    As it is I have been eyeing MSTR and BTC as a pair to Arb as I dont mind holding either tbh

    Thing is if they convert to BTC and they will as they are the 2nd biggest BTC whale after Satoshi, surely they will charge the 2% and custody the BTC?

    • richard_ISC@alien.topBEnglish
      1·
      10 months ago

      If you buy in, your only way out will be another sucker down the line that want to buy your “BTC” that deflate at 2% per year.

      The tax savings aren’t worth 2% on performance AND thr lock in.

      Imagine what will happen to your GBTC if an ETF is successfully launch? It will go to a massive discount. They have ZERO incentive to allow you to convert GBTC to BTC. They are “trying”.

      The way it will all end is that they will eventually be sued at some point into unwinding.