Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion (in future BCH ETF as well). BCHG is selling at a rate of $118 per BCH while the market price is $200

Each BCHG share has 0.00900383 BCH and costs $1.07

1.07 / 0.00900383 = $118.8 Per 1 BCH

BCH market price is currently $200.

Thats an $82 discount per BCH.

So BCHG has a 70% discount below spot ($82 / $118 = 69.5%)

If the SEC really does convert the fund to an ETF the BCH will be able to be withdrawn and sold at the correct market price. So for every $1 you put in, you get $1.7 of BCH.

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4 thoughts on “Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion (in future BCH ETF as well). BCHG is selling at a rate of $118 per BCH while the market price is $200”

  1. *”If the SEC really does convert the fund to an ETF”*

    The SEC **won’t** convert anything, their role would be to approve a spot BTC ETF, which would allow Grayscale to “unlock” the value in their existing fund.

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