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/biz/ - Business & Finance

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57262271 No.57262271 [Reply] [Original]

If so that may explain the crab?Or the SEC allowed them to outright convert their trust to a etf?

>> No.57262425

>>57262271
well about 1B in sales so far in GBTC today (dwarfing normal volume), but those sales are people fleeing the high fees for IBTC, FBTC, HODL, etc.

>> No.57262455

I wonder how long GBTC as going to last with current fees. They know they can get away with robbery for the time being because holders have unrealized capital gains but people aren't going to baghold shit fees forever .

>> No.57262570

>>57262455
yeah, i'm sorta in that boat. I would much prefer to hold FBTC but would incur a sizeable tax hit for the wash sale.

Its quasi criminal that gary prohibited in-kind redemption....I understand the issuers capitulating on it, but seems like now they are approved someone should file a lawsuit over it....

>> No.57263203
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57263203

>>57262425
>>57262455
>>57262570
ffs so that explains the crab, the inflows from etf are being countered by outflows from graycale due to long term tax reasons.

>> No.57263357
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57263357

>>57262271
Jeb is a big, FAT mistake.
https://youtu.be/fWhi_JXos60?si=cifEaqxq8PBOcBu2