Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval By Cointelegraph
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Grayscale’s (BTC) investment vehicle, Grayscale Bitcoin Trust (GBTC), is trading at its lowest discount in nearly two years as spot Bitcoin exchange-traded funds (ETFs) continue to inch toward potential approval in the United States.
The latest data from YCharts shows GBTC’s discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of Oct. 13.
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© Reuters
Grayscale’s (BTC) investment vehicle, Grayscale Bitcoin Trust (GBTC), is trading at its lowest discount in nearly two years as spot Bitcoin exchange-traded funds (ETFs) continue to inch toward potential approval in the United States.
The latest data from YCharts shows GBTC’s discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of Oct. 13.
Continue Reading on Cointelegraph
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