GBTC negative premium rate narrowed to 8.07%
According to Coinglass data, the current GBTC negative premium rate has narrowed to 8.07%. The ETH trust has a negative premium rate of 12.73%, and the ETC trust has a negative premium rate of 33.31%. In addition, the LTC trust has a premium rate of 12.40%, the BCH trust has a premium rate of 13.20%, and the ZEC trust has a premium rate of 1.17%. Earlier, on November 23, the GBTC negative premium rate narrowed to 9.78%, the first time it has narrowed to less than 10% since July 2021.
Since October 23, ARK Fund has reduced its holdings by a total of 700,000 GBTC
According to daily trading data compiled by ETF provider Bloomberg, ARK Next Generation Internet ETF has sold over 700,000 shares of Grayscale Bitcoin Trust Fund (GBTC) since October 23, and sold 36,168 GBTC shares this Wednesday. According to the Australian Financial Review, Cathie Wood views Grayscale Bitcoin Trust as her top choice at the Sohn Australia conference held at the Sydney Opera House on Friday. Bloomberg's compiled data shows that as of September 30, ARK was the fourth largest holder of GBTC, holding 5.6 million GBTC shares. (Bloomberg)
JP Morgan: GBTC may face $2.7 billion in outflows when converted to ETF
Morgan Stanley analysts have stated that since the beginning of this year, traders have been buying Grayscale Bitcoin Trust (GBTC), with the trading price of GBTC being lower than the potential value of the Bitcoin it holds. This is likely in the hopes of earning a profit from the price difference when it is converted into physical Bitcoin ETFs. This means that many GBTC traders will seek to cash out when it is converted into ETFs. Morgan Stanley's analysts have reviewed the fund inflows of GBTC since 2023 to calculate the value of GBTC that may be sold during the conversion. The analysts estimate this number to be approximately $2.7 billion.
GBTC negative premium rate narrowed to 9.78%
According to Coinglass data, the GBTC negative premium rate has narrowed to 9.78%, the first time it has risen to less than 10% since July 2021.
Grayscale GBTC negative premium rate has narrowed to 9.78%
According to Coinglass data on November 23rd, the premium rate of Grayscale GBTC has narrowed to 9.78%, while the premium rate of ETH trust is 13.73%. In addition, the premium rate of ETC trust is 32.45%, the premium rate of LTC trust is 8.07%, and the premium rate of BCH trust is 12.89%.
Grayscale submits ETF S-3 document and plans to change GBTC code to BTC
Bloomberg analyst James Seyffart stated on X platform that Grayscale has submitted a new S-3/prospectus for the conversion of GBTC, and the biggest update is the plan to change the code of GBTC to BTC, which is in line with analyst expectations.
Grayscale GBTC negative premium rate narrowed to 10.11%, hitting a new low since August 12, 2021
According to Coinglass data, on November 20th, the Grayscale GBTC negative premium rate has narrowed to 10.11%, hitting a new low since August 12th, 2021.
ARK Fund has reduced its GBTC holdings by a total of US$12.33 million since November.
ARK Invest's holdings data shows that as of the time of writing, the ARK Invest ETF has reduced its holdings of 425,467 shares of GBTC since November, with a value of approximately $12.33 million at current prices. As of Friday's close, GBTC closed at $28.99. It is worth noting that since ARK Invest increased its holdings by 11,249 shares of GBTC on September 5, it has not increased its holdings of GBTC.
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
Representatives of the company are answering questions from two divisions of the U.S. Securities and Exchange Commission in the wake of Grayscale's court win over the agency.
Grayscale ETHE’s negative premium rate has narrowed to 18.65%
On November 10th, according to Coinglass data, the current negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 13.04%; ETH Trust Fund (ETHE) has a negative premium rate of 18.65%; ETC Trust has a negative premium rate of 42.98%, LTC Trust has a negative premium rate of 1.56%, and BCH Trust has a negative premium rate of 3.76%.
