GBTC Discount Increases to 27%

Grayscale Bitcoin Trust shares trade at significantly lower prices than BTC spot price as the asset hovers around $30K. GBTC has fallen 45% since the start of the year.

Grayscale is the world’s leading digital asset manager, and its Bitcoin Trust is the company’s flagship product.

It gives investors exposure to BTC prices without the need to keep it safe. Eligible shares are also quoted on OTCQX – the top marketplace for trading stocks over-the-counter.

Minimum investment is $50K. Each share is worth 0.00092439 BTC.

At the time this writing, acquiring Bitcoin via GBTC Shares is about 27% cheaper than buying on the open market.

As mentioned above, since the beginning of the year, GBTC plunged by some 45%, whereas the BTC spot price is down only about 34% – a considerable discrepancy.

Grayscale is used to indicate institutional demand. With the discount as high as it is, it’s possible that the discount is currently low.

Of course, it’s also worth mentioning that GBTC shares come with a 6-month lock-up.

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