grayscale.com/crypto-products/grayscale-digital-large-cap-fund
36% discount to NAV
bitwiseinvestments.com/crypto-funds/bitw
the 2x (AUM) larger comp is at a 23% discount to NAV
i don't want to insult the current retail crop within GDLC, but to say, i'm reasonably sure the bitwise team is actually selling their (original flagship) product BITW and who knows if grayscale is doing the same.
sells in these close end funds tend to beget more sales
take advantage of emotions and ignorance
at 36% discount
- you get btc at 41k, eth at 1.3k, sol at 58, xrp (lol) at 17c, avax at 6
- or for perspective if you write anything ex-btc at 0... you get btc at 51k (13% discount to spot)
the way i see it downside on this thing w/ a btc nuke is low teens, let's round numbers use $15. the current NAV is $30. so downside 5, upside 10 from where we stand. what happens first? my friends, i have no clue. but that's a nice risk/reward in a great asset class and at a nice margin of safety in an uncertain market.
just the way i see it.
GDLC is now a 50% position for me at the close... i was the floor on this thing at $19.5 today. have more ammo to keep buying, but i like my size for now (and some short miners as hedges).
gl friends. blessings to all.
V
36% discount to NAV
bitwiseinvestments.com/crypto-funds/bitw
the 2x (AUM) larger comp is at a 23% discount to NAV
i don't want to insult the current retail crop within GDLC, but to say, i'm reasonably sure the bitwise team is actually selling their (original flagship) product BITW and who knows if grayscale is doing the same.
sells in these close end funds tend to beget more sales
take advantage of emotions and ignorance
at 36% discount
- you get btc at 41k, eth at 1.3k, sol at 58, xrp (lol) at 17c, avax at 6
- or for perspective if you write anything ex-btc at 0... you get btc at 51k (13% discount to spot)
the way i see it downside on this thing w/ a btc nuke is low teens, let's round numbers use $15. the current NAV is $30. so downside 5, upside 10 from where we stand. what happens first? my friends, i have no clue. but that's a nice risk/reward in a great asset class and at a nice margin of safety in an uncertain market.
just the way i see it.
GDLC is now a 50% position for me at the close... i was the floor on this thing at $19.5 today. have more ammo to keep buying, but i like my size for now (and some short miners as hedges).
gl friends. blessings to all.
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.