GBTC discount widens to highest point in 2023
GBTC's discount has widened to over 47% following the struggles of its parent company, Digital Currency Group (DCG).
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Around 90% of this inflow was directed towards Bitcoin-related investment products, which equates to over $69 million.
The company increased its holdings to 132,500 BTC by the end of December.
The survey shows that only 14% of the traders currently trade crypto or have plans to begin trading within the next year.
ARK's overall investment thesis is predicated on five converging technological innovations that will reshape the next several years.
Valkyrie Bitcoin Miners ETF "We're Gonna Make It" (WGMI) has emerged as the best-performing fund in 2023, rising by over 100% in the past month.
Bitcoin has emerged as an investor favorite as BTC investment products saw inflows of $116 million over the past seven days.