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Genesis FUD Subdues As Grayscale Bitcoin Trust (GBTC) Recovers

Grayscale Bitcoin Trust premium rate recovers from -46% to -40% as Cathie Wood’s Ark Invest buying GBTC shares rebuilds confidence in the crypto market. Meanwhile, Binance allocates over $2 billion in BUSD to its Industry Recovery Initiative to help projects recover from liquidity issues following the collapse of crypto exchange FTX.

(By Varinder Singh)

Grayscale Crypto GBTC
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