Tracking The GBTC Premium Over BTCUSD
If you can't buy BTC directly, or have funds in a registered retirement account you'd like to allocate to BTC, GBTC seems to be one of the few choices out there on the public markets.
It typically trades at a premium, and that premium varies over time. During FOMO bubble spikes like late 2017, it gets to insane levels. As of this writing, the premium is below its 200-week MA.
For anyone considering buying or selling GBTC, you might want to take the premium into account as one of the factors you use to time your entries and exits. (Hint: buy low, sell high -- why aren't you writing this down?)
I thought I'd try to find a way to watch it change, and could only find one old, kind of broken chart. Since TradingView makes this so easy, I whipped up this new one. Enjoy!
It typically trades at a premium, and that premium varies over time. During FOMO bubble spikes like late 2017, it gets to insane levels. As of this writing, the premium is below its 200-week MA.
For anyone considering buying or selling GBTC, you might want to take the premium into account as one of the factors you use to time your entries and exits. (Hint: buy low, sell high -- why aren't you writing this down?)
I thought I'd try to find a way to watch it change, and could only find one old, kind of broken chart. Since TradingView makes this so easy, I whipped up this new one. Enjoy!
