HomeUncategorizedGBTC Bitcoin discount nears 50% on FTX woes as investors stock up By Cointelegraph

GBTC Bitcoin discount nears 50% on FTX woes as investors stock up By Cointelegraph

November 21, 2022

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GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

The largest (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.

The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX.

GBTC premium vs. asset holdings vs. chart. Source: Coinglass
Grayscale BTC holdings vs. BTC/USD chart. Source: Coinglass
Combined Holdings of Grayscale Bitcoin Trust (GBTC) for ARK Invest ETFs (screenshot). Source: Cathiesark.com