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RE: Bitcoin Oriented Music To Listen to While Awaiting ETF Approval or Watching STEEM prices!
I'm just wondering how the ETF approval or now will affect GBTC.
I'm just wondering how the ETF approval or now will affect GBTC.
peopel said GBTCs price going down is a sign of approval - but wat happends after approval i dont know
If it's approved, does it mean GBTC is "disapproved"?
But many listed instruments also trade on OTC.
So, I'm leaning towards not to worry about it.
Also, approval still means (I think) some time before it trades.
ETF decision will not hurt GBTC by itself but all GBTC holders may chose to move to ETF - hard to predict.
I think some will move even i but i suspect the arbitragers will come in and moderate the difference if too big.