Grayscale Effect Fades as GBTC Trades at Record -19% Low Discount 3 hours ago by John Kiguru · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. The discount has resulted in heavy losses for some investors, but Grayscale is keen on offering the discount to attract more even traders. The Grayscale Bitcoin Trust (GBTC) has descended into levels never recorded in its history. Data shows that the product is trading at a 19% discount. GBTC’s premium has notably failed to rise despite the firm adding $283.3 million in BTC under management earlier in the week. Beginning Thursday, GBTC’s premium has dropped by nearly 19% according to YCharts. This is the first time in its history it has sunk this low. Additionally, it is now in its third month of negative trading. The drop in the premium comes despite the firm continued accumulation of Assets Under Management (AUM). On Wednesday, the investment firm confirmed an additional $1 billion in its AUM. Of this, $283.3 million was added to GBTC. Even Grayscale parent company Digital Currency Group, recently invested $250 million in GBTC shares. The firm’s total assets under management as of Thursday stands at $45.1 billion