I agree. Not even an ETF. It seems Etrade and TDA are looking at enabling bitcoin trading somehow. Once that happens the premium in GBTC gets sucked out. It currently sits at a 38% premium.
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I agree. Not even an ETF. It seems Etrade and TDA are looking at enabling bitcoin trading somehow. Once that happens the premium in GBTC gets sucked out. It currently sits at a 38% premium.
I hope that crosses all accounts. I'm on E-Trade. It wouldn't surprise me if a crypto account was a different bucket, separate from retirement and brokerage accounts. In that case retirement money would still be waiting for ETFs.
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Yep, good point. Hopefully that is not the case, but it would make sense that it is. If they allow you to buy bitcoin in retirement accounts, bitcoin will fly past old highs in a matter of days... lot of money waiting in there to gain at least some exposure, which is exactly why GBTC trades at a 38% premium.