Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount it makes sense to hold some of the shares, however, traders must be brave if bitcoin’s price continues to slide. Kssis said that he is not hearing of investors buying more GBTC shares today ahead of tomorrow’s hearing, but he is seeing most investors hedging against a possible drop in bitcoin’s price.
Related posts
-
The success of a Solana ETF relies heavily on Trump election outcome, analyst says
A Solana ETF approval will likely hinge on changes within the Securities and Exchange Commission (SEC)... -
XRP Price Crashes 15%, Slips Under $0.40: Difficult Recovery Ahead
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious... -
Longest Miner Capitulation Since 2022 Signals Potential Bitcoin Rally Ahead
Bitcoin (BTC) has recently struggled to regain bullish momentum, remaining in a consolidation phase just above...