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BTC109: Bitcoin Taro, GBTC Discount, & More w/ Pierre and Morgen Rochard (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Is GBTC a Closed-End Fund?
GBTC is more like a closed-end fund than an ETF. They set up a private placement because it wasn't going to get approved by the SEC at the time that it was created. And they allowed accredited investors essentially to come in and be the only people to buy this. The fact that people think that this is going to go back to a premium is probably unlikely given that closed-down funds typically do trade at discounts, because they're not as marketable.
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