9/11/24 - $gdlc vs. $bitw - rebalancing
- the spread has narrowed nicely
- going to about 65% gdlc (selling some down from 100%) and 35% bitw (from 0%) of my overall closed end crypto exposure (which as of today is about 40% of the total book)
- typically as momentum starts to move in these funds i've noticed an overshoot on both sides. so to the extent gdlc starts to trade 5-10% above the bitw discount (using this chart as my guide) i slowly migrate to 100% bitw and 0% gdlc.
if i had just started building a position in
GLDC and needed/ want more closed end exposure, my incremental buy would probably be 50% gdlc and 50% bitw
enjoy
V
- going to about 65% gdlc (selling some down from 100%) and 35% bitw (from 0%) of my overall closed end crypto exposure (which as of today is about 40% of the total book)
- typically as momentum starts to move in these funds i've noticed an overshoot on both sides. so to the extent gdlc starts to trade 5-10% above the bitw discount (using this chart as my guide) i slowly migrate to 100% bitw and 0% gdlc.
if i had just started building a position in
GLDC and needed/ want more closed end exposure, my incremental buy would probably be 50% gdlc and 50% bitwenjoy
V
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.