GBTC shares jump 10% in twelve days, narrowing discount to 40%
Quick Take The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record. GBTC trades at a premium when shares are changing hands at a higher price than the underlying BTC. Conversely, if GBTC shares are trading below the net asset value […]
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Quick Take
- The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record.
- GBTC trades at a premium when shares are changing hands at a higher price than the underlying BTC.
- Conversely, if GBTC shares are trading below the net asset value (NAV), GBTC is deemed at a discount.
- The current 40% discount would price Bitcoin at $12,794
- For more information on the GBTC premium trade, see our latest market report
The post GBTC shares jump 10% in twelve days, narrowing discount to 40% appeared first on CryptoSlate.
