According to YCharts.com, on Friday the trading price of GBTC was discounted by 26% compared to its net asset value (NAV). On August 14th, this ratio had dropped to just under 24%, a decrease of about 20 percentage points from the approximately 44% discount on June 13th.

Matteo Greco, a research analyst at Fineqia, stated that the significant narrowing of the discount indicates a significantly increased likelihood of approval for ETF spot trading in the US, prompting investors to purchase GBTC at a significant discount in anticipation of the future listing of ETFs. Senior research and policy analyst Chase White of Compass Point Research & Trading predicts that after Grayscale's victory, the discount on GBTC may "significantly narrow," possibly to 10%.