Pinnacle_Investor

GBTC & BTCE Premium Indicator

- This indicator illustrates the premium of GBTC and the European equivalent, BTCE. Relative to the spot price of Bitcoin

- It represents the premium investors are willing to pay to be able to gain exposure to Bitcoin . Whilst holding them in an investment vehicle such as a 401k or an ISA.

- The premiums can be plotted. GBTC vs BTCUSD and BTCE vs BTCEUR
OR
- The "real price" of BTCUSD , GBTC and BTCE (denominated in USD) can be plotted against each other
Release Notes: Updated
Release Notes: Error corrected
Release Notes: Updated
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Thanks for the script, do you know how is the "physical" redemption, when the BTCE is purchased OTC out of Europe (Uruguay) ? Thanks
200 coins
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@jorge855, Thank you for the donation. I have no idea. I dont think you can physically redeem your shares for BTC. The fee is 2%, so you hold 2% less BTC every year
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