Grayscale’s GBTC: Understanding its premium and market impact

Grayscale’s GBTC: Understanding its premium and market impact Andjela Radmilac · 2 weeks ago · 3 min read Diving deep into the world of GBTC, its premium and discount on Bitcoin's NAV, and the effect it has on the crypto market. 3 min read Updated: October 13, 2023 at 12:52 pm Cover art/illustration via CryptoSlate Grayscale's Bitcoin Trust (GBTC) has revolutionized cryptocurrency investing, providing a bridge to the Bitcoin market without the complexities of direct asset management. But what sets GBTC apart? Unlike some ETFs, it lacks a redemption mechanism, ensuring price stability and market consistency. The real intrigue lies in GBTC's premium - the disparity between its share price and the actual value of the Bitcoin it holds. Discover the fascinating factors that contribute to this premium's fluctuation, as we unlock the secrets of GBTC's... But wait, a potentially game-changing announcement looms on the horizon...

13.10.2023

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