Watch This Before Buying Grayscale's GBTC

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[barrybutler]

Some of the requirements you mention are mostly all private placement requirements. The actual public GBTC fund has no minimum, no 6 month lock-up, and as far as I can tell no KYC to determine if you are accredited. I have purchased some at two different brokerages in the past. It also trades at a discount - it hasn’t been at a premium for quite a while.

[WealthICreator]

Factually incorrect on at least 3 counts: 1. It is trading at a 16% discount to the underlying asset. 2. 50k is not the minimum 3. No 6 month lock-up

[WhakkMedia]

Love your channel... but VERY disappointed in your lack of knowledge on GBTC. Almost every talking point was inaccurate.

[chrissinkula]

Their is a 16.19% discount NOT a premium as of 9/28/21

[gnosticnonsense]

Great comments, but wrong advice. For Retailers GBTC has no lockup, and is trading at approx. 15% discount to BTC !
As the world's largest BTC holder, almost certainty will be converted into an EFT- and trade at BTC value. A bargain.

[ardoinsofkaty]

Please research before fudding. I (avg Joe) bought GBTC several weeks ago at about 20% BTC discount and convinced my brother to as well. He sold 20 shares last week. No lockup. No min.

[christopherthomas]

Despite the economic crisis, this is a Still a good time to invest in stock and Crypto, , ,

[agent-]

Today, GBTC is trading at a 25% discount to NAV. If GBTC is converted to an ETF as some suggest is likely, the discount will evaporate and GBTC holders will enjoy an instant 25% return. So, GBTC might actually be a better bet than you suggest. I will not repeat the inaccuracies mentioned by the others but they are correct. You might want to follow up on this video after doing a bit more research, not your best content I'm sorry to say.

[davenielsen]

Really poor content about GBTC. You don't know if there's a $50, 000 minimum to purchase GBTC in a brokerage account? Then why are you making a video about your "concerns" with GBTC? You have to have actual knowledge first before expressing concerns and your knowledge is really lacking here and could be rectified by spending 15 minutes doing some Google searches before making a video.

[myloc]

I own GBTC in IRA with Schwab and can buy/sell at will commission free and no taxes and I can buy/sell one share at a time today GBTC is trading at 15% discount

[mylifeonthebeach]

I am quite surprised about her lack of knowledge regarding GBTC and the reason why most people own it.

[JasonLee-qjts]

yea there are some misunderstandings in this video... of course BTC is better than GBTC... BUT... THERE ISN'T A BETTER OPTION available for a Roth IRA when using a platform like etrade... +GBTC is likely to become an ETF so if you buy now when there is discount to NAV you would benefit if the conversion brings the price 1:1

[chrissinkula]

2% fee will be reduced dramatically if it converts into an ETF, I'll pay 2% and take the 16% discount

[kdelete]

The 6 month lock up is for institutions investors. "After a six-month lockup, those shares could be sold in the secondary market – including to retail investors"

[michaelc]

This video doesn't seem to address the benefits and negatives for common retail investors. Also says nothing about benefits for those with 401ks and iras

[markwdalton]

I do have GBTC and ETHE in my 401k just because it performs closer to BTC, ETH and due to the SEC regulation they have significantly hurt regular people by ignoring and refusing to allow a directly BTC backed ETF or direct trade from my 401K/IRA so I am looking to leave tradition 401k to something like itrust capital or just cash out the 401k pay the taxes and directly manage my crypto. (Which I do for personal savings)

[jamesparish]

Have GBTC in a Simple IRA and a Roth. Best way to invest in BTC traditionally. Have real BTC, too.

[Rittlesleo]

I’ve bought GBTC in my IRA on a major brokerage. Way less than 50k.

[bsykesbeats]

Stock splitting does not dilute your shares. That's not how stock splitting works. If u own 10 shares and there's a 2 to 1 split, you will now own 20 shares with the same total value.

[haroldroa]

There is no minimum lock up if you just buying shares, you just call and buy in the OTC market, you can sell day after just like any other share.

GBTC has been trading at 10-14% discount recently, which means that if bitcoin skytockets and the shares catched up with the underlying asset that is 14% additional appreciation for whoever bought at a discount.