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Bitcoin $98,921.30 +0.81%
Ethereum $3,290.85 -1.92%
BNB $623.65 +0.46%
Optimism $2.11 +1.71%
Arbitrum $0.78 +0.17%
Solana $253.84 -1.90%
Polygon $0.48 +6.71%
Cosmos $7.32 +16.15%
Avalanche $39.55 +10.20%

Grayscale’s Bitcoin Trust Discount Narrows As Spot ETF Filings Increase

June 26 (Cointime) - The discount of Grayscale's Bitcoin Trust to its net asset value has decreased due to the recent filings for spot bitcoin exchange-traded funds. On June 23, GBTC was trading at a discount of 31.32% to NAV, which is a decrease from the 44.02% discount on June 13.

The narrowing of the discount may indicate investor confidence in GBTC becoming an exchange-traded fund, despite the US Securities and Exchange Commission's current block. BlackRock's filing for a Bitcoin ETF has given hope to other issuers, leading them to resubmit their own filings.

Bitcoin $98,921.30

+0.81%

Grayscale

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Grayscale’s Bitcoin Trust Discount Narrows As Spot ETF Filings Increase

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