C-Zar, thank you for your continued efforts in keeping us informed. With that said, it is my informed opinion that the significant price drop of GSOL is related to the large selling of one or more "whales" who have decided to liquidate the GSOL position to re-allocate funds to BTC or other crypto positions. Further, it appears that the one-year unlock period for the private placement has taken place which allowed investors to lock-in 2x to 5x gains on a relatively low volume trust. The price drop has NOTHING to do with an impending SOL ETF. In fact, NONE of the grayscale funds are likely to be negatively affected by the launching of any ETF this cycle, particularly not before early summer 2025.
Thanks for covering this C-Zar! I *thought* it had to do with the upcoming Solana ETF but the SEC has until March 2025 to respond. It seems more likely to be caused by Private Placement holders unlocking and selling. Probably no recovering from this as you said...
I was relatively new to investments with high premiums but I chose some Grayscale funds because it appeared to be an easier way to invest in crypto. Worst decision ever considering the impact of ETF potential. I will be leaving all my Grayscale positions.
Nothing wrong with that, there's plenty of other stock based opportunities if you want to still invest in crypto, like COIN, MSTR, any crypto mining stocks, and any ETFs that exist. I wouldn't want to be holding any gscale trusts right now
Thank you for video, I'm going to see how far this drops and load up.its at 91$ you said like 45 -60$ I guess we'll see .Do you think it has good potential like after a month or 2? The next resistance is below 91$ just yabai ya know
I believe GSOL private placement has a 12 month holding period that recently ended. LTCN and BCHG has a 6 month hold period so this happened sooner for those.
For now, this is not the same Grayscale with all the short-pressure, etf, and private placement dumping. What's your thoughts (short squeeze forming, etc.)?
I agree, I just wonder if it's this cycle or not, it's stuff like this that makes me glad to hold the underlying asset. It feels like this "drop of a dime" return to NAV at anytime should be illegal
I wouldn't trust these Grayscale funds, outside of the spot ones (GBTC and ETHE). With Bitcoin and Microstrategy leveraged funds, there's really no reason to be in Grayscale, and when Bitcoin options start trading, I think it'll be a wrap for any meaningful gains to come from these funds in the future.
No chance solana, xrp and avax etf will get approved because its an all or nothing deal. Therefore buy at nav and reclaim the premium when the etf gets soundly rejected.
Couple companys are appearing under the fidelity news portion that they filed forms 144... i assume thats large scale orders. Saw it under Filg mana bchg and gbat. Perhaps that contributed to these recent price actions.
Serious question. Is there a point at which you would acknowledge it's not happening like it has in the past? What would trigger that analysis from you? Because, no offense, I've been watching and reading the same analysis from so many different people for almost a year now. It's always "soon". Yes I know patience is a virtue, but as the time has gone on your targets for things, especially LTCN and BCHG, keep getting lower and lower. At what point do you just sit back and look at what is going on and say it's not happening? Is there a point when that happens for you?
The point would be below 7 dollars for LTCN, and for BCHG it would be below $1.20. Until then, I absolutely believe both are on track for new all time highs. As time has gone on, my predictions have absolutely lowered for ltcn but they've been the same more or less for BCHG I'm pretty sure. And as time goes on, more PP sales took place, prices continued to consolidate longer than expected, so of course I think it's appropriate to change/alter yoyr expectations based on any new relevant data that may change the original expectations
LTCN and BCHG following suit, though not as extreme. at this point I conclude that these "financial instruments" are complete crap. Constantly looking at the charts and surmising their potential returns (100x !!!, 250x !!!) is the stuff of reading tea leaves. It's pure hopium. I'm done
Because a lot (all?) of brokerages don't allow crypto in their portfolios that have tax advantages for investors. If those trusts go way up I have a huge Roth IRA that will not be taxed when I start withdrawing at the appropriate time. And some people don't need the profits from crypto or crypto deriviatives right this minute to fund their life.
Please talk about BCHG and LTCN pricing in November and December
C-Zar, thank you for your continued efforts in keeping us informed. With that said, it is my informed opinion that the significant price drop of GSOL is related to the large selling of one or more "whales" who have decided to liquidate the GSOL position to re-allocate funds to BTC or other crypto positions. Further, it appears that the one-year unlock period for the private placement has taken place which allowed investors to lock-in 2x to 5x gains on a relatively low volume trust. The price drop has NOTHING to do with an impending SOL ETF. In fact, NONE of the grayscale funds are likely to be negatively affected by the launching of any ETF this cycle, particularly not before early summer 2025.
Appreciate you, C-Zar! Best TA in the space. Have a relatively small bag of GSOL. Premiums were much higher on GSOL than LTCN, BCHG.
CZAR,
Thank you
Appreciate you
Greener day are on the horizon!
Could it possibly be that some shares unlocked from the private placement back in Feb ‘24?
Thanks for covering this C-Zar! I *thought* it had to do with the upcoming Solana ETF but the SEC has until March 2025 to respond. It seems more likely to be caused by Private Placement holders unlocking and selling. Probably no recovering from this as you said...
Genius video Czar as always, especially as it relates to GSOL BCHG and LTCN negative reaction today which you surely predicted 🎉🎉🎉
I was relatively new to investments with high premiums but I chose some Grayscale funds because it appeared to be an easier way to invest in crypto. Worst decision ever considering the impact of ETF potential. I will be leaving all my Grayscale positions.
Nothing wrong with that, there's plenty of other stock based opportunities if you want to still invest in crypto, like COIN, MSTR, any crypto mining stocks, and any ETFs that exist. I wouldn't want to be holding any gscale trusts right now
Thank you for video, I'm going to see how far this drops and load up.its at 91$ you said like 45 -60$ I guess we'll see .Do you think it has good potential like after a month or 2? The next resistance is below 91$ just yabai ya know
I don't own GSOL but couldn't find any information as to why the deep drop. Thank you for your information.
I believe GSOL private placement has a 12 month holding period that recently ended. LTCN and BCHG has a 6 month hold period
so this happened sooner for those.
I'm going to be so pissed if Grayscale does a rug pull on BCHG and LTCN
How is it possible for that to happen??
Cause Litecoin sucks. It's performance is terrible. @robertp9370
Are you joking? The rug pull is happening right now. This is why you don’t buy shit stocks. Instead, buy mutual funds, Bitx, and MSTU
Will Ltcn or bchg go to hell too? Litecoin etf is a possibility too.
Any chance of systemic risk for other Grayscale trusts as a result of this?
Just the same risk there's always been
For now, this is not the same Grayscale with all the short-pressure, etf, and private placement dumping. What's your thoughts (short squeeze forming, etc.)?
Great BCHG and LTCN must be next. I’m no expert but seems the writing is on the wall.
I agree, I just wonder if it's this cycle or not, it's stuff like this that makes me glad to hold the underlying asset. It feels like this "drop of a dime" return to NAV at anytime should be illegal
Yeah it happened to me with ltcn wash rule 60 days
I wouldn't trust these Grayscale funds, outside of the spot ones (GBTC and ETHE). With Bitcoin and Microstrategy leveraged funds, there's really no reason to be in Grayscale, and when Bitcoin options start trading, I think it'll be a wrap for any meaningful gains to come from these funds in the future.
these do have wash rules, yes.
No chance solana, xrp and avax etf will get approved because its an all or nothing deal. Therefore buy at nav and reclaim the premium when the etf gets soundly rejected.
This is why you buy bitx and mstu and not shit stocks that go down for no reason. I am up 87% on MSTU and 54% BITX
Hey bro how are you ?
Loving your content.
We need an update on RKLB stock.
Couple companys are appearing under the fidelity news portion that they filed forms 144... i assume thats large scale orders. Saw it under Filg mana bchg and gbat. Perhaps that contributed to these recent price actions.
hi, could you do the zcash greyscale trust
Serious question. Is there a point at which you would acknowledge it's not happening like it has in the past? What would trigger that analysis from you? Because, no offense, I've been watching and reading the same analysis from so many different people for almost a year now. It's always "soon". Yes I know patience is a virtue, but as the time has gone on your targets for things, especially LTCN and BCHG, keep getting lower and lower. At what point do you just sit back and look at what is going on and say it's not happening? Is there a point when that happens for you?
Thinking the same
The point would be below 7 dollars for LTCN, and for BCHG it would be below $1.20.
Until then, I absolutely believe both are on track for new all time highs.
As time has gone on, my predictions have absolutely lowered for ltcn but they've been the same more or less for BCHG I'm pretty sure.
And as time goes on, more PP sales took place, prices continued to consolidate longer than expected, so of course I think it's appropriate to change/alter yoyr expectations based on any new relevant data that may change the original expectations
Zcash is booming Hahahahahah 🚀🚀🚀
C Please talk about CLSK
Bro, what if I am riding free on Gsol after taking my initial investment out?
LTCN and BCHG following suit, though not as extreme. at this point I conclude that these "financial instruments" are complete crap. Constantly looking at the charts and surmising their potential returns (100x !!!, 250x !!!) is the stuff of reading tea leaves. It's pure hopium. I'm done
These Grayscale Trusts never made sense. Just buy the native crypto. It's not difficult for investors to buy cryptocurrency anymore.
Because a lot (all?) of brokerages don't allow crypto in their portfolios that have tax advantages for investors. If those trusts go way up I have a huge Roth IRA that will not be taxed when I start withdrawing at the appropriate time. And some people don't need the profits from crypto or crypto deriviatives right this minute to fund their life.
👍
Hello!
Hello my friend