synthetic grayscale bitcoin trust
Summary Description
without a BTC ETF there is no way to gain exposure directly to BTC through traditional markets. Grayscale is the worlds largest crypto fund and often trades at a premium/discount to the open market price of bitcoin. a metric that follows the price of grayscaleBTC would allow traders to gain synthetic exposure to the trust as well as speculate on how bullish the traditional markets are on crypto
Which metric will your synth track?
price of gBTC
How will you get data for your metric
GBTC on trading view
What collateral would you use for this synthetic
stable coins or BTC. again I would really like to be able to accept lp such as 3crv or Ironbank or cUSDC
Describe how you would create this synthetic
Describe in detail how you would create this synthetic. You might want to consider
- track the GBTC price directly on trading view