- This indicator illustrates the premium of GBTC and the European equivalent, BTCE. Relative to the spot price of Bitcoin
- It represents the premium investors are willing to pay to be able to gain exposure to Bitcoin . Whilst holding them in an investment vehicle such as a 401k or an ISA.
- The premiums can be plotted. GBTC vs BTCUSD and BTCE vs BTCEUR OR - The "real price" of BTCUSD , GBTC and BTCE (denominated in USD) can be plotted against each other
Thanks for the script, do you know how is the "physical" redemption, when the BTCE is purchased OTC out of Europe (Uruguay) ? Thanks
Pinnacle_Investor
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@jorge855, Thank you for the donation. I have no idea. I dont think you can physically redeem your shares for BTC. The fee is 2%, so you hold 2% less BTC every year