Nate Geraci, the president of ETFStore, shared data showing that the discount rate of Grayscale Bitcoin Trust Fund (GBTC) has narrowed significantly from about 43% in June to a "more optimistic" 16.5%. This indicator fluctuation is widely regarded as a signal of changes in the market's confidence in the approval of spot Bitcoin ETFs. Due to the lack of ETF options, many people choose GBTC as a channel to obtain exposure to Bitcoin. However, the significant discount of GBTC is caused by multiple factors.
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The Discount Rate of Grayscale Bitcoin Trust Fund GBTC Has Narrowed Significantly by 16.5%
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