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What's happening with GBTC's discount?

Grayscale’s Bitcoin Trust (GBTC), the world’s largest publicly traded bitcoin fund, has seen its discount widen to near record highs. GBTC’s discount to net asset value (NAV) reached its lowest level since Dec. 29 on Monday, according to data from TradeBlock.

Does GBTC have a premium?

Such premiums and discounts can be dramatic: GBTC has traded over-the-counter at a premium to its net-asset value that has ranged as high as 142% and a discount to its net-asset value of 21%,” a dedicated letter to the U.S. Securities and Exchange Commission reads.

What is GBTC's discount to net asset value (NAV)?

GBTC’s discount to net asset value (NAV) reached its lowest level since Dec. 29 on Monday, according to data from TradeBlock. This comes as the Financial Times reported last week that Digital Currency Group (DCG) started selling holdings in several investment vehicles run by Grayscale at a steep discount, according to U.S. securities filings.

What happened to GBTC exposure price in 2022?

On Dec. 19, 2022 the exposure price of GBTC witnessed a yet unseen low. Almost 50% discount to NAV has been the new record in past two-days. The data sourced from Ycharts states that the discount to NAV reached 48% at some point.

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