![GBTC shares jump 10% in twelve days, narrowing discount to 40%](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/gbt.jpg&w=70&h=37&q=75)
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](https://cryptoslate.com/wp-content/uploads/2023/01/GBTC11-1.png)