#Grayscales $BCH fund is currently trading at a price equivalent of $1800 compared to $540 on spot markets.
I haven't seen many people talking about this interesting development. As far as I know only accredited investors have access to the BCHG fund. It's quite normal to see shares trading higher or lower than the spot market price, but the current x3.5 deviation is kind of extreme.
Two things might be connected to this. Accredited investors are long BCHG while they hedge their position in the spot market being short. Basically managing their risk.
But at the same time, this may very well be speculation that a #BCH #ETF might be approved even before ETH gets the allowance. It might be a way to keep the wider public in the "dark" and profit from insider knowledge.
Tell me what you think is going on here?