BITCOIN (NASDAQOTH:GBTC)

CAPS Rating: 1 out of 5

GBTC News and Commentary

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All Players

47 Outperform
76 Underperform
 

All-Star Players

10 Outperform
47 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top GBTC Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

peterod (78.40)
Submitted October 13, 2017

Block chain will change the world forever like the internet did. I see Bitcoin like a payment system and competing with stores of value. Over 900 trillion dollars in assets in the world expected by 2020. M3 world wide is about 100trillion today. Gold… More

ROEoutshinesGOLD (99.84)
Submitted February 03, 2018

🚫 Everyone Calls Bitcoin Investment Trust An ETF, But It's Not; Here's What It Is - Investor's Business Daily💤 [TLDR - It's a grantor trust. Think of GBTC as an (overvalued), closed-end fund.]https://apple.news/A2sai9IGhRYyf0XeBAmZ6vg Feb 2, 2018 -… More

GBTC VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about GBTC.

Recs

1
Member Avatar ROEoutshinesGOLD (99.84) Submitted: 2/3/2018 11:05:19 AM : Underperform Start Price: $11.89 GBTC Score: -46.66

🚫 Everyone Calls Bitcoin Investment Trust An ETF, But It's Not; Here's What It Is - Investor's Business Daily
💤 [TLDR - It's a grantor trust. Think of GBTC as an (overvalued), closed-end fund.]
https://apple.news/A2sai9IGhRYyf0XeBAmZ6vg
Feb 2, 2018 - Lawrence Carrel:
‘‘‘
• It owns CoinDesk, a leading blockchain news site and has investments in more than 110 companies including the Kraken Bitcoin Exchange.

• With the SEC refusing to allow a cryptocurrency ETF under the 1940 Act, GBTC holds a monopoly as the only U.S.-based investment vehicle that provides direct exposure to Bitcoin through the purchase of a security. This is attractive because it makes it eligible for tax-advantaged accounts such as IRAs, Roth IRAs and 401(k)s.

• Although many publications call GBTC an ETF, it's not — it's a grantor trust. It is not registered with the SEC under the Investment Company Act of 1940 and it doesn't trade on an exchange. It trades on the over-the-counter market, which has less stringent participation rules than exchanges. And unlike most ETFs, GBTC charges a high annual fee of 2% of assets.

• Instead of an ETF, people should think of GBTC as a closed-end fund. These typically trade at a premium or discount to its NAV. The reason for GBTC's premium is the high demand for the small supply of shares. It has only 176 million shares outstanding. The trust has an open-end structure as it can raise assets through the private placement, but those shares need to wait a year to trade.

• After holding shares for one year, investors who purchased shares directly from the trust become eligible to sell their "seasoned" shares into the public market, said Sonnenshein. The rules for selling unregistered shares are listed under SEC Rule 144.

• After shares are sold into the secondary market, any retail investor can buy them.

• At the Jan. 29 closing price, Bitcoin was $11,233.95. That would make the NAV for a share of GBTC (11,233.95 x 0.00100733) $11.31. However, shares of GBTC closed at $19.14, a 69% premium to the NAV. So investors would have to pay 69% more per share than the underlying asset is worth.

[…follow link to read the entire article: https://apple.news/A2sai9IGhRYyf0XeBAmZ6vg ]
„„„

Matthew Frankel (TMFMathGuy) Feb 2, 2018:
🚫 4 Bitcoin Stocks I'd Avoid at All Costs -- and How to Invest in Cryptocurrencies the Right Way:
https://www.fool.com/investing/2018/02/02/4-bitcoin-stocks-id-avoid-at-all-costs-and-how-to.aspx
👎 1) BITCF First Bitcoin Capital Corp.
👎 2) RIOT Riot Blockchain
👎 3) GBTC Bitcoin Investment Trust
👎 4) KODK Eastman Kodak

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📰 https://www.fool.com/quote/nasdaqoth/bitcoin-investment-trust/gbtc 📰
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Recs

0
Member Avatar rempix (< 20) Submitted: 2/1/2018 1:22:09 PM : Outperform Start Price: $13.44 GBTC Score: +31.00

going back soon to the moon

Recs

1
Member Avatar hannibal (58.76) Submitted: 1/2/2018 1:34:48 PM : Outperform Start Price: $23.55 GBTC Score: -29.30

Bitcoin is the future.

Leaderboard

Find the members with the highest scoring picks in GBTC.

Score Leader

BACnumber1

BACnumber1 (< 20) Score: +275.29

The Score Leader is the player with the highest score across all their picks in GBTC.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
BACnumber1 < 20 7/24/2017 Outperform 5Y $4.45 +286.60% +11.31% +275.29 1 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. skyrocket29 58.87 6/28/2017 Outperform 3M $4.45 +286.65% +13.28% +273.37 0 Comment
Ruffelo 92.64 10/25/2017 Outperform 5Y $7.37 +133.40% +7.71% +125.68 0 Comment
nickbaes 32.25 10/24/2017 Outperform 5Y $7.47 +130.53% +7.06% +123.47 0 Comment
brightsideLP 38.82 10/24/2017 Outperform 5Y $7.47 +130.53% +7.06% +123.47 0 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. XJ 98.89 10/12/2017 Outperform 5Y $7.48 +130.03% +7.87% +122.16 0 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. peterod 78.40 10/13/2017 Outperform 5Y $7.70 +123.49% +7.67% +115.82 3 Comments
carvedaddy2000 63.05 10/5/2017 Outperform 5Y $7.70 +123.49% +8.32% +115.17 0 Comment
icanpickm 96.17 8/14/2017 Outperform 3W $8.13 +111.78% +11.41% +100.37 0 Comment
1stTimeTrader < 20 8/17/2017 Outperform 5Y $8.13 +111.63% +12.32% +99.31 0 Comment

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