GBTC discount hits lowest levels since May
It's not been a fun time to own GBTC
In fact it's been pretty miserable to own GBTC.
Not only did you get whacked when BTC dropped, but you also witnessed GBTC from from a 20% premium to a 20% discount.
That is a huge drop when you combine the two.
The idea was that the discount would go away when the lockups end, but it hasn't.
The majority of the lockups were done by mid-August, yet the discount remains.
As a GBTC holder myself I am ready to dump it if they can't get this discount turned around...