GBTC holds bitcoins in a fund. It trades at 100% premium to NAV

I don't even know if its possible to long via after-hours trading, but I would be longing GBTC for the surge that's going to happen on open assuming BTC pricing remains stable overnight.

I expect GBTC to hit $650+ by midmorning tomorrow based on current BTC price and premium the fund's buyers are paying.

>>3052874
It's has been shorted, but it's one of the limited place you can stash ira/401k money in Bitcoin without taking distribution. I traded this from 360-580 and although I'm happy I got out there was more room to hold it.

However as soon as sec allows btc ETFs this will plummet.

Btcs is now my speculative play. It's a penny stock that is most definitely a scam but it will get a ton of attention again on Monday with the 4000 mark. I expect it to be up another 30%.

>>3053074
It'll likely shoot up 10% and retract back to the 650 mark. If btc goes up another 100$ overnight gbtc will go close to 700 before correcting to to 660-680.

>>3053099
it needs to correct to ~~$360 in order to get back down to the value of the BTC held in the fund

I tried to short but it said that it wasn't available and i should call and they can contact other brokerages if I'm willing to short a minimum of 50k. Not sure i'm willing to go that hard or if they could even get it