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GBTC Discount Nears 50%, Crypto Investors Worry About Another Sell-Off

The Grayscale Bitcoin Trust (GBTC) is selling at a 48.62% discount, worrying investors and analysts. They believe a sell-off could be imminent as DCG also faces financial issues.

The crypto community is seeing its anxiety stoked as Grayscale’s GBTC is nearly at a 50% discount. As of Dec. 9, its GBTC discount or premium to NAV is at 48.62%. The GBTC shares are trading at $8.03.

(By Rahul Nambiampurath)

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