LTCN is Trading at Over 20 Times the Value of LTC
LTCN is trading like Litecoin is worth 20 times what it is worth. LTC is currently worth $60, while LTCN is trading like Litecoin is worth about $1,380.
Crypto ETFs / ETNs / Trusts / Funds / etc.
This section covers cryptocurrency ETFs, ETNs, trusts, funds, and other such products. For example, this section includes GBTC.
NOTE: The Bitcoin Investment Trust (GBTC) is a trust that holds Bitcoin. Shares of the trust can be purchased on the stock market. The trust holds about 170,000 bitcoins. Each share represents about .092 bitcoins (so if you own 10 shares, you own contracts that represent just under 1 bitcoin). In other words, GBTC isn’t a cryptocurrency. Instead, it represents ownership of a cryptocurrency held in a trust by the Greyscale investments.
LTCN and BCHG Premiums Are Both About 10x Above NAV
Litecoin and Bitcoin Cash trusts, LTCN and BCHG respectively, are both trading at about 10x premiums. Meaning they are trading for about 10x what they are worth.
Beware LTCN and BCHG Premiums Upon Launch
Both LTCN (Litecoin trust) and BCHG (Bitcoin Cash trust) launched with absurd premiums.
The Ethereum Trust (ETHE) Explained
The Ethereum Investment Trust (ETHE) is an investment product by Grayscale which gives investors and traders exposure to Ethereum (ETH).
The Block Revealed all of Facebook’s Crypto Partners (the List is Impressive)
The Block has revealed all of the partners of “Project Libera” (the code name of Facebook’s crypto).
ETCG Has a Large Premium on it
ETCG currently has a rather large premium. Right now ETCG is trading at $34.25 while ETC is valued at $7.50. In short, the trust is trading at over 4x its Native Asset Value.
The GBTC Premium Explained
You might hear that GBTC (or ETCG) has a “premium.” This is a reference to the difference between the value of the holdings of the trust vs. the market price of the holdings.
The GBTC / ETCG Indicator is Mighty Bullish
When GBTC and ETCG trade at a premium to the underlying assets, it is generally a sign that crypto is bullish.
Bitcoin Cboe ETF is Back
Cboe resubmitted its joint proposal with VanEck and SolidX for a Bitcoin ETF after withdrawing it during the government shutdown.
GBTC Premium and NAV Almost Converged in Dec, That Has Historically Been a Bullish Sign
Historically it has been a bullish sign for crypto when GBTC has lost most of its premium. We don’t get a run each time this happens, but we do tend to see this happen before we get a run.