Crypto capitulation day Thursday has the appearance of "capitulation day "in Cryptos and perhaps in the Crypto stocks as well(BNXA included).
There may be a second dip down to test the lows again .
Bitcoin is in a bear market but nothing goes straight down .
Billions upon Billions were lost last week throughout the markets.
6-12 months ago the Grayscale closed end Bitcoin fund was trading at a significant premium to net asset value (ie you paid 110% for the value of Bitcoin ).
Now its trading at a 30% (!!!!!!!)discount to net asset value .So through the Grayscale closed end fund etf you can buy both Bitcoin and Ethereum at a 30% discount .So if they(Grayscale) converted the ETF to an open ended etf (if they are permitted to do so )then you make 30% even if the price of Bitcoin remains stable.Quite amazing .
April TTV and the March Quarter for BNXA eagerly awaited .