Replies (18)

Habanero's avatar
Habanero 1 year ago
Was the discount to NAV worth it? (30-40% at one point?) Did you incurre a tax bill with the sale? Or does the IRS now recognize an in-kind asset transfer now that an ETF is out?
Muzan's avatar
Muzan 1 year ago
I just ate the discount and got rid of it weeks ago. Once it starts effecting my sleep its time to offload. Not worth it
Habanero's avatar
Habanero 1 year ago
I was toying with the idea of speculating on GBTC and the ETF approval odds... I've concluded the stress / tax implications are not worth it. I just DCA BTC like a boring normie and enjoy the peace of mind with sats in cold storage.
Sounds like trust in a third party is still required.