Why Is Gbtc Trading At Discount

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GBTC Discount Explained: Arbitrage Possible? (Redemption …

(1 days ago) The Grayscale Bitcoin Trust (GBTC), BTC’s largest institutional instrument, is currently trading at a discount of more than 20%. As the cryptocurrency market continues to decline in the past few days, Grayscale Bitcoin Trust (GBTC) shares have increased their discount to the underlying cryptocurrency held by the fund.

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Grayscale Bitcoin Trust Discount Hits Record Low Nasdaq

(Just Now) Shares of the Grayscale Bitcoin Trust hit record lows yesterday against its net asset value, trading at a 26.5% discount. Amazingly, shares …

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Grayscale Bitcoin Trust (GBTC) Nears 19% Discount Amid Volatility

(Just Now) Grayscale Bitcoin Trust (GBTC) was trading near 19% below bitcoin at points this week, its lowest level in the near two months its been …

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Is Grayscale Suing SEC a Sign of Desperation to Save GBTC?

(3 days ago) 17 hours ago · According to a Ychart review, the GBTC is trading at a minus 28.48% discount in stark contrast to the underlying asset. Continued review of the data shows that the GBTC has been hard-hit following

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Q&A: What Converting GBTC to an ETF Would Mean - Grayscale

(7 days ago) Conversely, because GBTC also does not offer a redemption program, shares can’t be redeemed when there is a discount. GBTC shares can, and have, traded at both premiums and discounts to NAV. For example, GBTC is currently trading at a discount to NAV, and has historically traded at an average premium of approximately 37 percent.

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Deep Diving Into The Year-Long Grayscale Bitcoin Discount

(1 days ago) The following year, 2021, saw the Grayscale Bitcoin Trust begin trading at a discount. GBTC shares had effectively saturated the market at this point and with so many shares in the secondary market, there was selling pressure from investors. Most of these investors had initially intended to use play arbitrage with the shares by buying them in

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Why A Grayscale Bitcoin ETF Approval Could Have Bearish Results

(1 days ago) The GBTC is currently trading at a 34% discount after 3AC collapsed. Opportunity For Bitcoin Investors. With such a large margin in the GBTC discount, it has presented a unique opportunity for investors. It is no secret that there are some investors in the traditional finance sectors who want a piece of the bitcoin pie but are not willing to

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What led to Grayscale Bitcoin Trust’s (GBTC) record-high discounts?

(4 days ago) Highlights. Grayscale Bitcoin Trust, a popular crypto fund, has been witnessing steep discounts in the trading of its share. GBTC’s discount has reached 26.5%, the highest in the last 12 months. Some of the reasons for the same can be reduced demand for GTBC's product, broad sell-off of cryptocurrency in recent times, etc.

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GBTC Shares Now Trading at Steepest Discount Ever

(5 days ago) The largest Bitcoin fund has now been trading in discount territory since February 2021. GBTC’s holdings have shrunk a whopping 49.87% to $18.3 billion worth of assets under management, which signals declining institutional support. Large institutions make up a substantial portion of GBTC owners. While the idea of buying shares at a steep

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Why I'm Still Choosing GBTC Over BITO For Bitcoin Exposure

(1 days ago) Early in 2021, GBTC still traded at as much as a 20% premium. Today, it trades at a 17% discount and that has severely impacted its return. Year-to-date, bitcoin is up 100%. GBTC has only returned

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Grayscale Bitcoin Fund (BTC, GBTC) Is Big Casualty of Crypto …

(4 days ago) As a result, GBTC’s price closed 26.5% below the value of the Bitcoin it holds on Tuesday, widening GBTC’s so-called discount to record levels, according to Bloomberg data. Most Read Markets

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What is Up With the GBTC Negative Premium? - CryptoCurrency …

(5 days ago) Understanding the GBTC Discount. Bitcoin (BTC) is holding up well and trading at support levels after making highs a few weeks back. However, traders are selling GBTC in a panic creating a large negative GBTC premium (a GBTC discount). The answer to why is simple on one hand, it is that GBTC holders are hitting the sell button more than the buy

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GBTC Discount Could ‘Morph Into Systemic Risk’ for - CryptoGlobe

(6 days ago) ByteTree claims roughly 81% of institutional bitcoin purchases since the last halving has come in the form of GBTC. The report shows GBTC is now trading at a discount, which negates the incentive for institutions to subscribe to new shares. More investors are attempting to sell their GBTC than buy, resulting in the fund acquiring less new BTC.

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Grayscale Bitcoin Trust (GBTC) Is Trading at a 3.77% Discount

(2 days ago) A premium rate on the Grayscale Bitcoin Trust (GBTC) is usually regarded as a bullish indicator for Bitcoin. Now that the same Grayscale Bitcoin Trust (GBTC) is trading at a discount, the tables might have turned on Bitcoin as it enters what looks like a possible long-term pullback. Bitcoin Dips to $44k, Could Fall Further with the Monthly Close

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ETF launch in October may hurt GBTC, spur below-market Bitcoin

(6 days ago) Conversely, GBTC now stands at a 16% discount, equivalent to buying Bitcoin for $42,840 while it’s trading around $51,000. The discount will disappear if the SEC allows Grayscale to convert GBTC

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Arbitrage opportunity: Bitcoin fund from Grayscale (GBTC) …

(5 days ago) The world’s largest listed Bitcoin fund comes from Grayscale and shows a rare phenomenon: When recalculating, GBTC currently shows a quasi discount for Bitcoin. You can profit from this. Wealthy private investors and partly also institutional investors have often relied on Grayscale Bitcoin Trust (GBTC) in recent years to make investments in

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Record ‘Grayscale Discount’ Might Mean Bargain Bitcoin for

(2 days ago) Then in March, as bitcoin’s 2021 rally stalled and more competition arrived from bitcoin ETFs in Canada, Switzerland and elsewhere, GBTC began trading at a discount to its net asset value, a

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Record GBTC discount may spark $100K Bitcoin price rise — analyst

(8 days ago) Negative premium “could signal march to $100,000”. As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. This means that GBTC shares are trading below their so-called net asset price (NAV) — institutional buyers are able to buy at a discount.

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What happened to the GBTC premium? And is it ever coming back?

(3 days ago) New competition and selling pressure are major factors behind the trend. What happened to the GBTC premium — and will it ever come back? Last month Grayscale's GBTC started trading at a discount — for the first time in its nearly six-year history.

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Understanding The Bitcoin Investment Trust (GBTC)

(Just Now) Tips for Trading GBTC (the Bitcoin Investment Trust) in 2019 and Beyond. The Bitcoin Investment Trust is the only choice for investors to trade Bitcoin on the stock market, and for this investors tend to pay a premium.[1] Below we explain the Bitcoin Investment Trust (GBTC), the pros and cons of GBTC, and why GBTC is a better investment than Bitcoin in some ways (but …

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GBTC Hits Record Low Against NAV - Bitcoin Magazine

(7 days ago) Mar 26, 2021. Shares of the Grayscale Bitcoin Trust (GBTC) hit a new record low against net asset value (NAV) this week, touching as low as negative 14.31 percent as bitcoin continues to face downward pressure, with the asset down 8.02 percent on Thursday. The world's largest bitcoin fund in terms of assets under management, with 654,850

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Biggest bitcoin fund sinks to record discount as mania cools

(2 days ago) By Katie Greifeld The world’s largest Bitcoin fund is selling off faster than the cryptocurrency itself as investors rush to the exits. The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 22 per cent this week, outpacing a 17 per cent decline in the world’s largest cryptocurrency. That’s evaporated GBTC’s once-massive premium to the Bitcoin it holds, with …

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Why does GBTC frequently not track Bitcoin's price?

(9 days ago) It explains the premium by noting there has been a high demand for GBTC and a small supply of shares: Instead of an ETF, people should think of GBTC as a closed-end fund. These typically trade at a premium or discount to its NAV. The reason for GBTC's premium is the high demand for the small supply of shares. It has only 176 million shares

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