quick take
- Grayscale Bitcoin Trust (GBTC)’s discount to NAV continues to shrink and is currently at -33%. This is the narrowest level in the past year and reflects a potentially encouraging trend.
- GBTC showed remarkable strength, up 137% year-to-date. Notably, it has surged 50% since June 16, which coincided with the BlackRock ETF’s first filing, a significant increase.
- The BlackRock ETF’s subsequent filings were followed by a wave of institutional investors’ filings, further stirring up market dynamics.
- Barry Silbert, founder of Grayscale’s parent company, Digital Currency Group (DCG), has made it easier by continuing to charge a 2% administration fee on the bitcoins held in the fund. I feel I am in a position.
- according to K33 researchA “DC Opinion” on the ongoing Grayscale v. SEC lawsuit is likely to be released sometime between June and November of this year.
Charge forward after GBTC, 33% discount marks narrowest gap in over a year First appeared on CryptoSlate.
