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GBTC tanking in 5..4..3..2..1.. wouldn't there be a lot of arbitrage between GBTC and this Winklevoss Trust thus normalizing the price of GBTC ?
by solotronics 10y ago
GBTC tanking in 5..4..3..2..1.. wouldn't there be a lot of arbitrage between GBTC and this Winklevoss Trust thus normalizing the price of GBTC ?
- everfree 10y agoArbitrage is only possible when there is a low-friction way to redeem an asset for the raw good it's backed by. In the case of traded funds like this, they can only be redeemed in large batches, which means that there should be no more arbitrage opportunity than what's already possible now.