Pls go read my 
GDLC vs. 
BITW posts for context.
- But the divergence of valuations meansGDLC is about 30% discount to NAV, BITW about 20% discount. these are starting to narrow.
- if BTC rips, GDLC is going to catch up to BITW. not without closed end fund risks. but also don't sleep on this.
- it's better btc than ETF at the moment and the window to make these trades probably closes this year (the alpha evaporates once we get eth ETFs trading)
- my best guess is we try for upside on BTC before settling lower into the summer (low 50s/ high 40s retest), so i'm not fully deployed. if that happens this becomes 80% of my book... watch me.
- but for now, i like playing a retrace higher w/ a margin of safety on the NAV spread
LMK what u think. largest position for me
V
GDLC vs. BITW posts for context.- But the divergence of valuations means
GDLC is about 30% discount to NAV, BITW about 20% discount. these are starting to narrow. - if BTC rips, GDLC is going to catch up to BITW. not without closed end fund risks. but also don't sleep on this.
- it's better btc than ETF at the moment and the window to make these trades probably closes this year (the alpha evaporates once we get eth ETFs trading)
- my best guess is we try for upside on BTC before settling lower into the summer (low 50s/ high 40s retest), so i'm not fully deployed. if that happens this becomes 80% of my book... watch me.
- but for now, i like playing a retrace higher w/ a margin of safety on the NAV spread
LMK what u think. largest position for me
V
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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.