I was wrong. GBTC accepts new deposits which they use to buy more #Bitcoin, but do not allow withdrawals. What a scam. They change a 2% annual fee to babysit your Bitcoin, then force you to sell your shares at a discount if you want out. Arbs will then sell Bitcoin and buy GBTC.

I was wrong. GBTC accepts new deposits which they use to buy more #Bitcoin, but do not allow withdrawals. What a scam. They change a 2% annual fee to babysit your Bitcoin, then force you to sell your shares at a discount if you want out. Arbs will then sell Bitcoin and buy GBTC.

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