quick take
- GBTC’s discount rate has now fallen to a whopping 40% after dropping to 50%, the largest discount rate ever.
- GBTC trades at a premium when the stock trades at a higher price than the underlying BTC.
- Conversely, when GBTC shares are trading below net asset value (NAV), GBTC is considered discounted.
- At the current 40% discount, Bitcoin will be priced at $12,794.
- For more information on GBTC Premium trading, read our latest market report.
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