Step 1 - Launch index with reputable index provider
Step 2 - Include Grayscale trusts in index
Step 3 - Sit back and wait for passive index tracker allocations.
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... One should not take for granted that trusts can easily trade at 30 or 40% discounts for months... not saying that this is what will happen...but it is not uncommon.
I have great respect for light's analysis. However Investment Trusts often trade at significant discounts to NAV, this should be considered the default position. Unless the Trust fulfils a particular niche...
... as most other investment trusts, share buybacks a vote to wind-up the trust or more uniquely in this case the spot ETF conversion, but the SEC has so far suggested this is unlikely to go ahead...
@twobitidiot Typically provided the majority of investors agree they can vote to wind up the trust which would mean redeeming the Bitcoin and returning proceeds to investors. This is the case with most trusts I have come across and they often schedule a 'continuation' vote.