bitcoin

Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79% – CoinDesk


Last year Grayscale applied to the U.S. Securities and Exchange Commission (SEC) to convert GBTC into a spot exchange-traded fund. Many analysts are skeptical the SEC will approve the conversion anytime soon, though some traders have bought GBTC as a way of betting on the prospect of the SEC’s nod; in that sense, a wider discount signals dimming optimism for such an approval.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.