Grayscale Bitcoin Cash Trust Observer

Hello!

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It appears that approximately 3 million shares of Bitcoin Cash Trust has been subscribed over the past 1-2 days.

This is great news for BCH as those shares are representing approximately 28 000 bch. The markets will never see those coins anymore.

Still, there is opportunity to strike a good deal with Grayscale as the premium is still astronomical (over 1000 %).

It is my sincere hope that the investors will keep on exploiting this opportunity as this could trigger a bull market also spot bch that we have never seen.

If you have a 401K and investing in shares that appreciate 10-20 % pa only, Grayscale Bitcoin Cash trust will most likely outperform those shares over the coming few years even with this ridiculous 1000% premium... But if your target time of investing is in decades rather than days, this share might be a nice addition to your retirement portfolio, too.

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Current number of outstanding shares: 23,099,800 shares

Current amount of BCH tied to the trust forever: 215 424.807 BCH (>1 % of all bch mined).