With Bitcoin prices down around 5% overnight and unchanged from Friday’s close, shares of the Grayscale Bitcoin Investment Trust are up 8% this morning following news of a 91-for-1 stock split…
GBTC is surging on nothing more than a stock-split…
Sending GBTC’s implied price for Bitcoin to over $17,600 – a 55% premium to the underlying price!
WTF!
via RSS http://ift.tt/2nothGn Tyler Durden