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Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low

It’s a polarizing world in institutional Bitcoin offerings this week as Grayscale’s CEO remains convinced demand will return.
Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler.According to data from on-chain monitoring resource Coinglass on May 13, the Grayscale Bitcoin Trust (GBTC) is now trading at a nearly 31% discount.Grayscale CEO: Investors are “waiting for things to settle down”Amid ongoing market volatility this week, GBTC has seen its fledgling recovery fall flat on its face — for the time being.The so-called GBTC premium, long in negative territory and thus a discount in practice, has now reached its lowest ever.As of May 13, the discount was 30.6%, meaning that shares in GBTC traded at almost one third below the Bitcoin spot price (referred to as net asset value, or NAV).The figures mark a distinct turnaround for the premium, which in mid-April

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We współpracy z: https://cointelegraph.com/news/canadian-bitcoin-etf-adds-6-9k-btc-in-one-day-as-gbtc-discount-hits-record-low

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