What if GBTC stays in a perp negative premium/goes on its own price discovery? Or it’s a reverse arb as it always regress to neutral?
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It can stay negative forever as there is no way to redeem underlying and there are other options now which makes the discount fair.
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If stays in perp discount then it can actually have its own price discovery then lol becoming an equity shitcoin tangling with BTC spot
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Let’s have an on-chain derivative so we can speculate on that equity shitcoin lol
The way we have stETH for staked ETH
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not sure abt onchain derivative can meaningfully make that speculation viable .. but I remember FTT has something to offer?
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