Certainly sucks, but it's not unexpected there's a price differential. GBTC was never equivalent to real Bitcoin. I can understand some investors speculating

Certainly sucks, but it's not unexpected there's a price differential. GBTC was never equivalent to real Bitcoin. I can understand some investors speculating they'd get the option to convert, but that exit always had risk attached (in terms of how long it would take and whether it ever happens).