[Daily Discussion] Wednesday, October 31, 2018 Bitcoin Markets |
- [Daily Discussion] Wednesday, October 31, 2018
- [Altcoin Discussion] Wednesday, October 31, 2018
- Evidence that Bitcoin ETF May be approved soon
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[Daily Discussion] Wednesday, October 31, 2018 Posted: 30 Oct 2018 09:05 PM PDT Thread topics include, but are not limited to:
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[Altcoin Discussion] Wednesday, October 31, 2018 Posted: 30 Oct 2018 09:05 PM PDT Thread topics include, but are not limited to:
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Evidence that Bitcoin ETF May be approved soon Posted: 30 Oct 2018 01:56 PM PDT Over the past several months, the premium of GBTC over the actual Bitcoin price has been decreasing. At the end of August, the premium was over 30%. At the end of December, the premium for GBTC was down to roughly 20%. Today, the premium is only around 6%. If some people know that an ETF is going to be approved soon, so they want to sell it while the premium is high and then buy the ETF, which should have little to no premium. Alternatively, it could be that some of the institutions had been buying GBTC to get crypto exposure, but now that they can use Bakkt to hold their coins, they don't need to use GBTC and pay the premium. I know this is not definitive proof, but it could be an indication if people are insider trading. [link] [comments] |
Posted: 30 Oct 2018 12:22 PM PDT |
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