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
GBTC
GBTC: (Source: TradingView)

The post GBTC shares jump 10% in twelve days, narrowing discount to 40% appeared first on CryptoSlate.

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