Grayscale Bitcoin Trust (GBTC) is trading at a discount of 47.35% to the underlying assets’ net asset value (NAV) as of Feb. 15 — a record low for the current year.

GBTC shares are trading for $10.85 after increasing by 4.43% in the last 24 hours, according to ycharts data.

Earlier in the year, the discount had closed to around 38.55% after community-led efforts to redeem the shares.

However, the discount began to widen again following the struggles of its parent company Digital Currency Group (DCG).

(By Oluwapelumi Adejumo)

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