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Published 3 years ago • loading... • Updated 3 years ago

Bitcoin's spiral pulls down Grayscale's AUM with NAV at record discount

Summary by Ground News

Bitcoin has lost over 17% of its value over the past week, trading at around $35,500 at press time. This seems to be affecting some major funds offered by Grayscale Investments. The world's largest bitcoin fund, the $27.1B @Grayscale Bitcoin Trust ($GBTC), dropped to a record discount to its net asset value (NAV) this week.

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Bitcoin's spiral pulls down Grayscale's AUM with NAV at record discount

Bitcoin has been on a downward spiral since the beginning of the year, but now it is recording steep corrections. The coin has...

3 years ago

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AMBCrypto broke the news in 3 years ago on Sunday, January 23, 2022.

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