- 09/24/2021 at 11:48 am #82411brucealderParticipant
For the Crypto & Leveraged Top 2 Strategy (CLT2) strategy, how should we buy BTC and ETH without buying the actual coins?
Maybe this is obvious, but the only option I know of is to use the Grayscale Trust funds for these positions:
– BTC-USD: GBTC (Grayscale Bitcoin Trust)
– ETH-USD: ETH (Grayscale Ethereum Trust)
Please let me know if there’s an option I’m missing.
Thanks!09/24/2021 at 3:57 pm #82413Patrick @ Logical-InvestKeymaster
Yes, the Grayscale offerings are decent proxies for owning the actual crypto currencies. After a volatile start, they have been tracking pretty closely to their respective cryptos over the past few months.
GBTC is currently trading at a healthy discount to its NAV which could benefit its holders if the discount narrows over time.
Interactive Brokers recently announced the ability to trade cryptos. They are the only broker I am aware of that allows trading stocks and cryptos from the same account.
https://www.interactivebrokers.com/en/index.php?f=4951309/24/2021 at 5:01 pm #82414Mark VincentParticipant
There are few Bitcoin ETFS traded on the stock exchange like BTCC.09/24/2021 at 5:01 pm #82415Mark VincentParticipant
They trade on the toronto stock exchange.09/25/2021 at 4:47 pm #82420brucealderParticipant
Thank you for the info and confirmation, very helpful!
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