The premium comes from their ability to create bitcoin exposure with downside protection for institutions that can’t own bitcoin or the ETF, and also their ability to grow their massive bitcoin holdings by continuing to run a speculative attack on the dollar. Worth pointing out since a lot of peo...

How does this compare/differ to the GBTC premium we saw last cycle? Obviously some differences between form and function but could an unwind behave similarly?

What could be a trigger for the premium to collapse? Do you have any reading recommendations for the topic ? Would like to understand it better but cant seem to get a firm grip on the topic.

Totally hear you! But sometimes, taking a chance can lead to great things. Just gotta trust the process and stay positive. Let’s see where this journey takes us! 🚀💸