You are viewing a single comment's thread from:
RE: Make money shorting Bitcoin, and It doesn't even have to GO DOWN
So this price discrepancy has been duly noted in the media before and the fund has sold off some. But I think the price premium of the fund over buying BTC yourself is pretty simple. You have someone you can sue if something goes wrong and the coins get hacked. Whatever large company is backing that fund will payout to the investors in the event they get hacked. Also the investors may be too lazy or scared to procure coins themselves so they are content paying a large price premium. It is a travesty but not a good short opportunity in my opinion.
I agree, but if people knew how easy it was to buy through coinbase, they would never do it. Also I have been defrauded by a stock, and it takes years to settle, and most of the time the money recovered goes to the government for their fees.