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.

3 months ago

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Cointelegraph

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

The GBTC versus Bitcoin ETF run-off continues as Grayscale hopes demand will return.

3 months ago

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CryptoPanic

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.

3 months ago

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DropTown

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

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

3 months ago

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Cryptic Threadz News

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

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 […]

3 months ago

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