AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
G B T C Is Like a Closed in Fund, Right?
G b t c was launched to private trust although all these trust these gray scale trusts, bit wise trusts, they're launched as private trusts. They outlined in their plan that wed lodge these trusts, thet would enlist them o t c, and the ultimate goal was to convert them to e t s. The shares of those clothed in funds are subject to supply and demand on the open market. So you get these massive discounts and premiums, which is what's happening whin not to say thatt's a closed in fund, but it's like aclosed in fund because the shares are fixed.