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by graedus
3408 days ago
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> NAV and market cap are unlinked (as are returns for GBTC vs bitcoin) Unlinked is putting it mildly. The gigantic rally in bitcoin after the drawdown in January was almost entirely missed by GBTC. For example if you bought on 01/11/17 and sold on 02/02/17, instead of enjoying the 29% gains of bitcoin (~$778 to ~$1004), you were treated to a loss of 1% ($109.50 to $108.50). |
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