If you wish to hold GBTC as a long position, you must be aware of the fact that is both uninsured (because Bitcoins cannot be insured at the moment) and it is trading at a HUGE premium to Bitcoin bitcoin fund gbtc. Because blockchain technology and Bitcoin haven’t gone mainstream just yet, if you want to short Bitcoin directly, you’ll have to deposit your money with an unregulated broker – this is rightfully scary bitcoin fund gbtc. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes. GBTC certainly appears to be inherently flawed. Terms & Conditions Current What is GBTC. Reference ID: #45d2e020-f35f-11e7-b533-a9768c7f9a74 BATS data provided in real-time.
Â Although it is possible to short the Bitcoin directly via a Bitcoin exchange, it’s not easy. This mind-boggling premium that GBTC trades at has drawn sharp criticism by short sellers. Although this is the most direct method to short Bitcoin, it is not the easiest nor is it the safest. Final Thoughts And if you’re going to trade GBTC, there is seriously no better broker than Ally Invest. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks. It stands for the Grayscale Bitcoin Investment Trust, and it can be bought and sold directly like a stock.
Company fundamental data provided by Morningstar. It’s often difficult to find enough BTC available to borrow to sell it short. The lack of custodian insurance and significant premium to NAV are concerning to say the least.0x.. 95 for ETF and stock trades is one of the the lowest rates in the industry. This means you don’t have to pay any conversion fees or other nonsense charges with cryptocurrency brokers. .