Grayscale Bitcoin Trust (GBTC) has plummeted even further and has hit a new all-time low of just over -14% to its relative value.
Historically, GBTC has traded at an average premium of over 15% relative to the underlying Bitcoin held in the trust, but in the last 6 weeks the premium has continued to slip into negative territory.
There are debates as to why Grayscale’s GBTC has continued to fall such as cheaper more liquid Bitcoin ETFs in Canada.
And with newer trading products sprouting up all the time, is it the last we will see of GBTC at a premium? Read More