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RE: WTF Chart Of The Day: Bitcoin Trust Spikes On Stock-Split

in #bitcoin8 years ago

The Bitcoin Investment Trust does not currently operate a redemption program and may halt creations from time to time. There can be no assurance that the value of the shares will approximate the value of the Bitcoin held by the Trust and the shares may trade at a substantial premium over or discount to the value of the Trust's Bitcoin. The Trust may, but will not be required to, seek regulatory approval to operate a redemption program.

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So that means that if they are being redeemed, they will be called at around NAV. That makes some sense.

Do u think bro that bitcoin can reach to 30k dollar this year?