I just bought some CXBTC, an indirect investment in Bitcoin, trading in a regulated market (Sweden). My rationale, Grayscale’s competing security GBTC has been trading at a ridiculous 50 to 60% premium to the underlying value of Bitcoin. This premium may be reflective of the difficulty investors have in speculating on the value of Bitcoin in regulated markets. Hopefully, CXBTC will attract some premium until additional similar securities begin to proliferate and premiums dwindle.