GBTC shares jump 10% in twelve days, narrowing discount to 40%

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.
GBTC: (Source: TradingView)

Post GBTC’s stock price surges 10% in 12 days, with discounts up to 40% first appearing on CryptoSlate.

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