Grayscale’s Bitcoin Fund Continues Historic Bottoms on GBTC: Almost 50 Percent Discount

The premium rate of the “Grayscale Bitcoin Trust (GBTC)” fund belonging to Grayscale, one of the largest crypto money investment companies in the world, has reached almost 50%.

According to data from on-chain analytics platform Coinglass, approximately 11 billion dollars GBTC’s premium rate has seen a new historic decline. This premium rate, which has dropped to an all-time low, is calculated based on the difference between GBTC and the spot price of Bitcoin (BTC). experienced 47.84% The value of Grayscale shares after the decline 8.19 down to $. The premium rate of the fund in question was announced at the beginning of last November. 41% with a new record.

GBTC was launched 2013 from the year By 2021 Although it traded at positive levels as much as it did, with the bear trend that dominated the market afterwards, the relationship between spot Bitcoin and GBTC. negative difference started to open. Experts, Grayscale’s parent company of the Digital Currency Group (DCG) owned crypto trading company Genesis Global Trading He suggested that concerns that he might file for bankruptcy could have an impact on GBTC.

There has been some speculation circulating on social media that a series of liquidity problems at DCG’s subsidiaries will eventually result. To the liquidation of GBTC He suggested that this could lead to a large amount of Bitcoin entering the market. Investors will see Bitcoin even more if the speculation happens. can fall to low levels highlighted the possibility.

almost to investors. 50% cheaper The GBTC fund offering Bitcoin has a minimum 50 thousand dollars lower investment limit and 2045 There is a requirement to lock assets until

Recently, a hedge fund potential mismanagement and conflicts of interest It is known that he filed a lawsuit against Grayscale to obtain information about GTBC in order to investigate. Firm Grayscale’s start the payment process and trust management fees %2 He stated that he demanded it be dropped.

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