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Grayscale Bitcoin Trust Shares Jump 12%, Narrowing Discount

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Shares in the troubled Grayscale Bitcoin Trust (GBTC) surged on Monday, narrowing its discount from Bitcoin.

The price for the OTC-traded security jumped 11.56% yesterday, to $9.65. This brought the trust’s discount against the net asset value (NAV) of its Bitcoin holdings to 38.55%, the smallest gap since mid-November.

(By Alys Key)

Bitcoin Bitcoin $83,077.38
+8.04%
Grayscale Bitcoin GBTC
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