The Grayscale Bitcoin Trust (GBTC) offers investors a bridge between traditional finance and the world of cryptocurrencies. With GBTC, investors can gain exposure to Bitcoin's price movements without the challenges of direct ownership. But here's the intriguing twist: recent data shows a striking divergence between GBTC's daily performance and that of Bitcoin itself. Is the traditional market's appetite for Bitcoin exposure, as seen through GBTC, actually stronger than the direct cryptocurrency market? The answer - and its potential implications - may surprise you...
Grayscale’s GBTC paradox: Performance at a discount Grayscale’s GBTC paradox: Performance at a discount
Persistent discount on Grayscale Bitcoin Trust could suggest growing market desire for a U.S. spot Bitcoin ETF.
2 min read
Updated: Oct. 31, 2023 at 5:16 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.