Sub-zero interest? GBTC hits biggest discount since May Bitcoin price crash
Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) is trading at its biggest discount since the May BTC price crash. Data on Thursday confirms that as BTC/USD trades near $44,000, GBTC shares are over 16.5% below the spot price. Analyst: Grayscale comeback “will take time” Grayscale, which has $42 billion in assets under management […]
Record GBTC discount may spark $100K Bitcoin price rise — analyst
Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative […]