Winklevoss bitcoin ipo

To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized winklevoss bitcoin ipo ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. 2,800 in May, the latest milestone in what’s become a parabolic move higher.

But as incredible as those moves have been, the performance of one bitcoin fund makes them look paltry by comparison. 224 million at the beginning of the year. GBTC is an “open-ended trust” and the first publicly traded bitcoin investment vehicle. The share price of GBTC was last trading at double the value of its underlying bitcoin holdings. GBTC’s premium to its net asset value is astronomical by any measure, and close to the highest level it’s ever been. For investors buying into the fund, such large premiums are a disaster waiting to happen. Premiums are a fickle thing, and can fluctuate wildly depending on the supply and demand for shares.