Grayscale Effect Fades as GBTC Trades at Record -19% Low Discount
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. B...