That's a really long article that just describes how financial arbitrage works. There are some things that decidedly look suspect around the Gemini/Genesis arra

That's a really long article that just describes how financial arbitrage works. There are some things that decidedly look suspect around the Gemini/Genesis arrangement but GBTC isn't it. Of course an arbitrage doesn't last forever in a working market. People speculate against it, because there is money to be made. That's how the free market is supposed to work.