The volume and price of the GBTC fund owned by crypto investment firm Grayscale surged after the world’s largest investment firm BlackRock’s spot Bitcoin (BTC) ETF application.
grayscale To Grayscale Bitcoin Trust (GBTC) Investor interest following BlackRock’s recent filing of a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC) rapid rise showed.
GBTC trading volume BlackRock since your application to 400% close increase by showing 16.1 million at dollar level 80 million rose to the dollar level. Moreover GBTC with bitcoin between premium difference after the application to close quickly started.
GBTC’s share price compared to Bitcoin with the decreases in 2022 Buyer at 50% cheaper price was finding. GBTC price after recent moves positively while getting an increase bitcoin between and price difference from 41% to 34.19% fell.
Bitcoin in the last 24 hour period to 8% While showing a close bullish performance, GBTC’s %12 experience an increase contributed to the reduction of the difference.
The investment company recently applied to convert the Grayscale Bitcoin Trust into a spot Bitcoin ETF, and when this request was rejected by the SEC, it filed a lawsuit against the commission at the time. BlackRock’s ETF application approval case of this approval for Grayscale. successful One pioneer is thought to be.
On the other hand, after BlackRock WisdomTree And of Invesco The fact that it filed for an ETF raised hopes for Grayscale. The application made by these two big institutions was one of the factors that triggered the rise of Bitcoin.
According to Coinecko data, the latest 30 days in 7.5% last Bitcoin gaining value 24 hours in 7.6% as of writing by experiencing the rise 28,864 traded at the dollar level.