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

Grayscale Bitcoin Trust shares continue to face steep discounts.

This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.

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)