Auto Added by WPeMatico

Grayscale BTC Trust GBTC Premium Drops To All-Time Low

The Grayscale BTC trust GBTC premium has just dropped to an all-time low after trading at negative for about two months, it finally crashed by -14.21% this morning as we can see in our latest Bitcoin news today. GBTC has traded at a high premium relative to the underlying cryptocurrency with an average of 15.02% premium since the fund’s inception. As competition grows and companies are looking for cheaper and accurate financial products, GBTC’s appeal dropped to an all-time low. Back in 2020 when BTC prices doubled, investors wanted to pay a huge premium to gain more exposure to the…

Continue Reading Grayscale BTC Trust GBTC Premium Drops To All-Time Low

End of content

No more pages to load