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GBTC ‘Elevator to Hell’ Sees Bitcoin Spot Price Approach 100% Premium

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets.

Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD.

(By WILLIAM SUBERG)

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