Several crypto-related stocks have seen their values plunge to new record lows despite Bitcoin’s (BTC) value gaining upward momentum over the past 30 days.
GBTC discount rises to above 50%
Grayscale’s Bitcoin Trust (GBTC) traded at a record discount rate of 50% on Dec. 13 following the US SEC’s defense of its refusal to approve the conversion of the trust into an exchange-traded fund (ETF)
Source: Tradingview
According to Google Finance data, its shares price is up 3.70% in the last 24 hours to $8.40 as of press time. It is down 6.25% in the previous 30 days and 41.5% in 6 months. On the year-to-date metric, its value has decreased by 75%.
Speculations around the financial health of its parent company, Digital Currency Group, have grown following recent events in the crypto space.
GBTC’s value has plunged 87% from its all-time high.
Coinbase shares tumble to record low.
Shares of the U.S-based crypto exchange Coinbase have fallen to a record low since its debut in April 2021.
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