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.