GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race

from Coindesk 9 months ago

The discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021.
Coindeskhttps://www.coindesk.com/markets/2024/01/09/gbtc-discount-sinks-to-lowest-level-in-18-months-as-grayscale-falls-behind-in-etf-fee-race/

The discount could be taken as a bearish indicator...while a premium could signal demand for bitcoin.
Coindeskhttps://www.coindesk.com/markets/2024/01/09/gbtc-discount-sinks-to-lowest-level-in-18-months-as-grayscale-falls-behind-in-etf-fee-race/

Grayscale has dropped its 2% management fee to 1.5% as part of its proposed uplift to a spot bitcoin ETF, according to an updated S3 filing on Monday.
Coindeskhttps://www.coindesk.com/markets/2024/01/09/gbtc-discount-sinks-to-lowest-level-in-18-months-as-grayscale-falls-behind-in-etf-fee-race/

Read at Coindesk

#grayscale-bitcoin-trust #gbtc #bitcoin-etf #discount #us-securities-and-exchange-commission #management-fee

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GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee RaceGBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race Briefly

GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
Briefly