I own a small amount of GDLC (Large Cap Crypto Fund) down here
for tracking purposes/possible future investment consideration. A
position I established with profits from other trades (paid for
position). It owns mostly Bitcoin and Ethereum, though has a few
others, also a big discount to NAV:
https://grayscale.com/products/grayscale-digital-large-cap-fund/
Should hear some preliminary arguments soon on Greyscale's court
case with the SEC. If the space survives, then the outcome could be
a possible mark to market on the funds, making them etfs. Very
speculative of course, though my kinda risk/reward for these
situations. Even if that doesn't happen, just wait for the assets
to come back in season and get marked up. I normally wouldn't
bother, though having a large cap closed ended fund at this type of
discount is appealing. Fits my style and tolerances long term.
Kinda fun too to play but not be concerned about
outcomes.
ARKK https://seekingalpha.com/news/3907938-cathie-wood-purchases-shares-of-the-tumbling-grayscale-bitcoin-trust GBTC closed at $8.95
Posted by fundamentalvalues on 15th of Nov 2022 at 10:19 am
ARKK https://seekingalpha.com/news/3907938-cathie-wood-purchases-shares-of-the-tumbling-grayscale-bitcoin-trust
GBTC closed at $8.95 yesterday, nav is $14.87 per share: https://grayscale.com/products/grayscale-bitcoin-trust/
I own a small amount of GDLC (Large Cap Crypto Fund) down here for tracking purposes/possible future investment consideration. A position I established with profits from other trades (paid for position). It owns mostly Bitcoin and Ethereum, though has a few others, also a big discount to NAV: https://grayscale.com/products/grayscale-digital-large-cap-fund/
Should hear some preliminary arguments soon on Greyscale's court case with the SEC. If the space survives, then the outcome could be a possible mark to market on the funds, making them etfs. Very speculative of course, though my kinda risk/reward for these situations. Even if that doesn't happen, just wait for the assets to come back in season and get marked up. I normally wouldn't bother, though having a large cap closed ended fund at this type of discount is appealing. Fits my style and tolerances long term. Kinda fun too to play but not be concerned about outcomes.
seekingalpha.com
Cathie Wood purchases shares of the tumbling Grayscale Bitcoin Trust | Seeking Alpha
Cathie Wood, a longtime crypto optimist maintained her bullish stance on Bitcoin (BTC-USD) as she grabbed more than 300K shares of the tumbling Grayscale Bitcoin Trust on Monday.