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Gbtcdiscount

$GBTC Analysis After Spot Bitcoin ETF Launch- GBTC has been actively traded before the spot Bitcoin ETF approval - GBTC opened slightly higher today with much more trading volume - High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days - GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is approaching a key resistance level - The 1-week RSI is also extremely overbought and needs a correction
AMEX:GBTC
by realchartchamp
2
GBTC Skyrockets as Grayscale Wins Over SEC for Bitcoin ETFIntroduction: Exciting news has hit the cryptocurrency market as Grayscale Investments, the renowned digital asset management firm, has successfully won over the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This groundbreaking development has sent shockwaves through the industry, and traders now find themselves at the cusp of a golden opportunity. This article will explore how GBTC will skyrocket and why it's time to consider a long position on this incredible asset. a. First-Mover Advantage: As the first Bitcoin ETF approved by the SEC, GBTC enjoys a significant advantage over potential competitors. This head start ensures that GBTC will attract a substantial portion of the market, potentially leading to exponential growth in its value. b. Increased Institutional Adoption: Grayscale's success in securing SEC approval paves the way for increased institutional adoption of Bitcoin. With more institutional investors pouring funds into GBTC, the demand for this asset is set to skyrocket, driving its value even higher. c. Bitcoin's Bull Run Continues: With the increasing acceptance of Bitcoin as a legitimate asset class, its value has been on a steady upward trajectory. By investing in GBTC, traders can leverage Bitcoin's ongoing bull run to maximize their profits. Call-to-Action: Long GBTC and Ride the Bitcoin ETF Wave! As the cryptocurrency market enters a new era with Grayscale's SEC-approved Bitcoin ETF, the opportunity to long GBTC has never been more enticing. Don't miss out on this golden opportunity to capitalize on the potential gains offered by GBTC's imminent surge. Seize the moment, open your trading accounts, and position yourself to ride the Bitcoin ETF wave with GBTC! Disclaimer: Trading involves risk, and conducting thorough research and consulting with financial advisors is essential before making investment decisions. Note: This article is intended for informational purposes only and should not be construed as financial advice.
GLong
by bryandowningqln
GBTC discount in context of SEC litigation and recent events The OTC:GBTC -to- BITSTAMP:BTCUSD discount has probably passed its peak, and the market is seeing the progress in court and the clock ticking towards a court decision as a good thing. I'm bullish on OTC:GBTC for the win, with a swift close of the gap once the court's decision issues. "Win" can have many flavors, however, so the gap may not close completely. Or, we may flip to a premium (shares used to trade for more than the price of equivalent CRYPTOCAP:BTC ). Here you can see how Grayscale's lawsuit against the SEC scared the market (pushing the discount up), judges' questions at oral arguments scared the SEC, or at least should have (pushing the discount down), and a decision will come down in the coming months (pushing the discount down still further). Reading the tea leaves, Grayscale seems likely to win, but it's unclear what exact instructions the court will give the parties and whether the SEC will respond by allowing the spot ETF or by causing more uncertainty for investors (whom it should be seeking to protect in any event). Chart shows OTC:GBTC OTC:GBTC discount vs. with dates of key events in Grayscale's litigation against SEC in pursuit of spot COINBASE:BTCUSD ETF. The discount here is calculated as the value difference between owning BTC outright and owning OTC:GBTC trust shares entitled to an equivalent number of bitcoins. Charted using Trading Alpha's Alpha Trend+
GLong
by waitaminute
1