Coinbase valued above $100B, ahead of direct listing

Re:Coinbase valued above $100B, ahead of direct listing by sjg007 on Saturday February 20, 2021 @09:41AM (#26204401)

>Fourth, there is no Bitcoin tracking security on public markets.

There are a few in Europe look up Exchange Traded Products.

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Re:Coinbase valued above $100B, ahead of direct listing by Voloskaya on Saturday February 20, 2021 @10:26AM (#26204766)

There is a Bitcoin etf on the TSX since this week, both in CAD and USD

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Re:Coinbase valued above $100B, ahead of direct listing by giarc on Saturday February 20, 2021 @12:10PM (#26205782)

So when markets closed on Friday, BTC was at about $55,000 and BTCC-B closed at $10.83. BTC continues to trade over the weekend obviously and is now at $57,000. Given this inbalance in trading times, should we see BTCC-B pop on Monday morning to catch up to BTC? Could one not buy/sell BTCC-B each morning depending on overnight activity of BTC?

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Re:Coinbase valued above $100B, ahead of direct listing by wcoenen on Saturday February 20, 2021 @01:34PM (#26206545)

> Could one not buy/sell BTCC-B each morning depending on overnight activity of BTC?

If the price went up, the sellers also know this and will adjust their offers though, so you won't be able to buy underpriced BTCC shares in the morning. You can bid at the previous day's closing price but good luck getting your bid filled.

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Re:Coinbase valued above $100B, ahead of direct listing by sjg007 on Saturday February 20, 2021 @02:00PM (#26206791)

I think the real arbitrage is between crypto exchanges.

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Re:Coinbase valued above $100B, ahead of direct listing by sjg007 on Saturday February 20, 2021 @12:12PM (#26205809)

Probably yes. It works the same way with after hours trading on the stock market.

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