Grayscale’s GBTC discount has recently widened to a near-record high, sending shockwaves through the cryptocurrency market.
This discount refers to the difference between the price of GBTC shares and the value of the underlying Bitcoin held by Grayscale.
Currently, the GBTC shares are trading at a significant discount to the Bitcoin they represent, indicating a lack of demand for the product.
Grayscale’s Bitcoin Investment Trust (GBTC) is a popular investment vehicle for institutional investors looking to gain exposure to Bitcoin without owning the cryptocurrency directly. The trust holds a significant amount of Bitcoin, with each share of GBTC representing a fraction of a Bitcoin. As such, the trust’s share price should closely track the value of Bitcoin.
However, over the past few months, GBTC shares have been trading at a discount to the underlying Bitcoin held by Grayscale. This discount has been widening recently, reaching a near-record high of over 20% in early February
We współpracy z: https://www.thecoinrepublic.com/2023/02/14/grayscales-bitcoin-trust-discount-broadens-to-near-record-high/
