11/19/24 - $gdlc - still 15% discount to spot as we hit ATH BTCOTC:GDLC now remains the cheapest way to own BTC if you're cool w the closed end fund
yes it's run, but so has BTC
15% discount, 12.5% for $BITW. so i've swapped my OTC:BITW back to OTC:GDLC mainly on the last pump.
i oscillate between the two based on discount per this chart i've been publishi
About Grayscale Digital Large Cap Fund LLC
Grayscale Digital Large Cap Fund LLC is an investment fund company, which holds digital assets by market capitalization that meet certain criteria set by the fund. It issues shares which represent equal, fractional undivided interests in the profits, losses, distributions, capital and assets of, and ownership of, the fund. The company was founded on January 25, 2018 and is headquartered in Stamford, CT.
mission accomplished...- grayscale proposes converting OTC:GDLC into ETF
- this is what we were playing for folks, the headline, minimally
- as of writing still 20% discount... think the "right" discount is probably 10-15%, call it 15% conservatively given there's still a LOT that needs to happen before the SEC starts t
the GDLC/ BITW spread now favors a balance... back to missilesback to rebalancing this puppy (my main trade) and taking a lil potato off the table. bout 30% cash in the portfolio entering the weekend. 30% cash, 20% bitw, 15% celh, 10% nxt, 10% gdlc, 5% myps, 3% blde and still massaging my FAFO P's in things like NYSE:SG , NYSE:FIGS (this is new this week),
9/11/24 - $gdlc vs. $bitw - rebalancing- the spread has narrowed nicely
- going to about 65% gdlc (selling some down from 100%) and 35% bitw (from 0%) of my overall closed end crypto exposure (which as of today is about 40% of the total book)
- typically as momentum starts to move in these funds i've noticed an overshoot on both sides. s
9/5/24 - $gbtc - too close for missiles... 50% position.9/5/24 :: VROCKSTAR :: OTC:GDLC
too close for missiles... 50% position.
- i've been 30-40% size, tip toe stuff. as some of you have deduced, i am deep in the weeds on how this industry works. not the TA bs. the under pinnings. and if i had to distill the problem (and continues to be a problem) wi
8/14/24 - $gdlc - you added at $19.5 today, right anon?www.grayscale.com
36% discount to NAV
bitwiseinvestments.com
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
8/14/24 - $gdlc - by far my largest position 35% off BTC and ETH- adding back today about 45% size (was 35% a week ago for perspective)
- 35% discount to NAV and 90% of the assets are BTC and ETH (mostly BTC)
- the way i xls it out, you get btc at 42k, eth at 1.6k, sol at 74, xrp at 17c and avax at 6 (that's what you're paying at sub $20 today)
- can always go l
GDLC - DailyThis is a daily timeframe view with monthly and yearly TA.
Green = year
redish = monthly
grey = weekly
I just saw a post for GDLC by gdlc appear on my timeline and thought, really? do they need money?
Price just broke trend. If you understand the concept of Master / Controller of the charts. If
7/9/24 - $gdlc - best way to own btc at discountPls go read my OTC:GDLC vs. OTC:BITW posts for context.
- But the divergence of valuations means OTC:GDLC is about 30% discount to NAV, OTC:BITW about 20% discount. these are starting to narrow.
- if BTC rips, GDLC is going to catch up to BITW. not without closed end fund risks. but also
7/5/24 - $gdlc > $bitw todayIf you're inclined to buy some cheap sats and don't mind the complexities of the closed end structure, OTC:GDLC > $bitw.
TL;DR and so you don't have to dig up my prior comment
- the green line represents approximate parity between the two. above it OTC:BITW better. below it (where we are now)
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Summarizing what the indicators are suggesting.
Oscillators
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.