Re:Tether USDT is depegging from dollar
by funstuff007 on Thursday November 10, 2022 @07:54AM
(#33545732)
Away from Tethers for second, given the enormous GBTC discount to quoted BTC price is there any reason to purchase BTC with USD rather than buying GBTC with USD?
[ Parent
| on HN ]
Re:Tether USDT is depegging from dollar
by bombcar on Thursday November 10, 2022 @08:02AM
(#33545808)
Discounts that aren’t instantly arbitraged away usually have a reason.
I don’t know in this case but it sounds like people don’t trust GBTC.
Re:Tether USDT is depegging from dollar
by funstuff007 on Sunday November 13, 2022 @08:44AM
(#33582990)
ETFs are not your friends.
Re:Tether USDT is depegging from dollar
by CamelCaseName on Thursday November 10, 2022 @08:07AM
(#33545840)
No redemption or creation allowed in GBTC while you get crushed by fees