DISCLAIMER: Most of my stack is in real sats in my cold wallet. This is just some money I freed up from shorting Phizer stock in my IRA.
So...okay...GBTC is currently still selling at a discount to NAV. Got it.
But how much BTC is really behind each share? Why does it seem to change? I heard one time when it converts to an ETF it will be pegged 1000:1 to BTC. Is this true? Where do I see this? Because right now it's at like 1200:1. And will the ETF fees mean every year the amount of BTC per share whittles down?
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