A Bitcoin ETF Indicator? Altcoins bleed out to BTC

Bitcoin has been slowly but surely gaining positive momentum recently, with altcoins bleeding out in BTC ratios. How long will Bitcoin continue to regain dominance in the cryptoasset market from altcoins?

One big aspect of Bitcoin's recent trading movement is also the anticipation/speculation around a BTC ETF. Let's take a look at the $GBTC premium over BTC spot price and why that might be an excellent indicator to keep an eye on.

Shout out to @CarpeNoctom for the inspiration and data! Here is the char that was shown, throw Carpe a follow!
https://twitter.com/CarpeNoctom/status/1021471547410866176

Try out HoneyMiner today to get started with cryptocurrency mining:
https://honeyminer.com/referred/58nbw

Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase

Trade Bitcoin, Litecoin, Ripple, EOS, Tron, Cardano or Bitcoin Cash, both long and short using 0 to 100x leverage with BitMex - https://www.bitmex.com/register/9taqGR

Buy and Trade altcoins on Binance - https://cryptobobby.com/binance

Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger

Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy

Follow me on Steemit:
https://steemit.com/@cryptobobby

Follow me on Twitter:
https://twitter.com/crypto_bobby

Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/

Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax

*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *

** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**