The premium rate of the “Grayscale Bitcoin Trust (GBTC)” fund, owned by investment firm Grayscale, fell to an all-time low of -35.18%.
On-chain analytics platform coinglass When the data is examined, approximately 12 billion dollars At the premium rates of the Grayscale Bitcoin Trust fund a historic decline it seems to happen. This premium rate, which has dropped to an all-time low, is calculated based on the difference between GBTC and Bitcoin price.
Despite its poor performance in recent times, GBTC has been released. 2013 from the year 2021 It was trading at positive levels until last year. However, long-standing bear market conditions forced investors to sell their GBTC shares, which led to an inevitable pullback. On the other hand, it has been approved and marketed by Canada. spot Bitcoin ETFmay have encouraged investors to make strategic changes. By comparison, Grayscale’s spot Bitcoin application was rejected by the SEC at the end of June.
In the face of all these negative factors, Grayscale’s efforts to reverse the negative rates of funds continue. At this point, the most positive development Convert GBTC to spot Bitcoin ETF Believing that it is a move, the company continues to put pressure on the SEC and insist on its demands. Grayscale announced it was filing a lawsuit against the SEC after the SEC rejected its latest spot ETF request after repeatedly delaying it.
