Grayscale NAV flips BlackRock as IBIT records first discount to Bitcoin since launch
Grayscale tightens its NAV to -0.27% while BlackRock trades at a discounted -0.3% for the first time.

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The agency could decide on approval between February and September.
Jenny Johnson said the launch of Franklin Templeton's Bitcoin ETF is a strategic response to the increased use of Bitcoin in transactions and its integration into the broader financial system.
The quick recovery indicates a recalibration of investor sentiment and strategic buying at lower price points.
Ethereum's value surged relative to Bitcoin as the ETFs failed to create a price rally.
Other countries in Asia, including Singapore, Thailand, and Hong Kong are having a mixed reaction to the launch of spot ETFs.
Outflow from Grayscale's GBTC has crossed the $2 billion mark within the first week of trading.