The exposure price via one of the biggest trusts on the market has dropped to a yet unseen low. The unimaginable 50% discount to NAV is a new record we have never before witnessed.

According to Ycharts, the discount to NAV reached 48% at some point two days ago, making Grayscale the cheapest way of exposing yourself to Bitcoin and some other assets. Such a strong devaluation of a fund's shares might be considered an investment opportunity for those who are willing to make a long-term investment in BTC, but there are some serious downsides.

(By Arman Shirinyan)