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

Summary by Ground News
Shares of the Grayscale Bitcoin Trust (GBTC) hit record lows against its net asset value (NAV), trading at a 30.79% discount. The Connecticut-based firm believes that the only way to get rid of the discount is to convert GBTC into a Bitcoin ETF. The SEC has yet to greenlight a single spot Bitcoin ETF, citing the twin risks of price manipulation and Bitcoin's volatility.
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Cointelegraph broke the news in on Friday, May 13, 2022.
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