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Wednesday, 22 December 2021
The BCHG (Grayscale Bitcoin Cash fund traded on the stock exchange) is trading at a market rate of $313 per BCH, a record 39% below the BCH market price!
There is 0.00909183 BCH per share. At the $435 BCH market price, each share is worth 0.00909183 x $435 = $3.95 per share But each share only costs $2.85 which is equivalent to buying each BCH at $313.46 (2.85 / 0.00909183 = $313.46)
$122/$313.46 = 39%. This is a 39% Discount compared to market price of $435
Source: https://grayscale.com/products/grayscale-bitcoin-cash-trust/
All crypto is backed by real BCH and stored with Coinbase Custody.
[link] [comments]
source https://www.reddit.com/r/btc/comments/rllqql/the_bchg_grayscale_bitcoin_cash_fund_traded_on/
Is DEFI really a way to rebuild a banking/financial ecosystem in which there'll be less risk for an economic meltdown similar to 2008 because of being over-leveraged or the things have little to do with each other?
Tuesday, 21 December 2021
The sBUSD/BCH pool is currently generating a APY of 238% and is expected to remain above 100% until May 2022. (inflow of BCH in to smartBCH is still exponential)
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