A Little Bitcoin Goes a Long Way | James Butterfill
Forward Guidance
00:00
The Future of GBTC
Grayscale is a closed-end fund. That is the largest exchange-traded product by far, $50 billion. Number two is coin shares XBT, the company that you work for. Is that a spot Bitcoin product, or is it futures-based? No, they call it an ETN, exchange-tr traded note. Essentially, it's fully hedged against Bitcoin.
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