2021 Will Start Slow
With the holidays nearly over, the Grayscale Effect will go on hiatus for the month of January.
With unlockings being non-existant in January, the Grayscale Effect looks to be a non-factor over the next five to six weeks.
Recall, Grayscale Bitcoin Trust (GBTC) accepts investments from accredited investors. These investors receive newly minted shares that can be traded in the stock market six months later.
Once these shares can be traded in the market, we call it an unlocking event. Shortly after these unlockings occur we noticed price rises. That's the quick take on what the Grayscale Effect is. To learn more on what the effect is, how accredited investors make a killing on the GBTC premium, and a breakdown on each of the Tranches shown above, read the Hackernoon piece here: hackernoon.com/grays...l-start-slow-0gu340l
With the holidays nearly over, the Grayscale Effect will go on hiatus for the month of January.
With unlockings being non-existant in January, the Grayscale Effect looks to be a non-factor over the next five to six weeks.
Recall, Grayscale Bitcoin Trust (GBTC) accepts investments from accredited investors. These investors receive newly minted shares that can be traded in the stock market six months later.
Once these shares can be traded in the market, we call it an unlocking event. Shortly after these unlockings occur we noticed price rises. That's the quick take on what the Grayscale Effect is. To learn more on what the effect is, how accredited investors make a killing on the GBTC premium, and a breakdown on each of the Tranches shown above, read the Hackernoon piece here: hackernoon.com/grays...l-start-slow-0gu340l
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Ben Lilly
Ben Lilly
Grayscale, DXY, funding rates, fuel... none of it looked good before today.