GBTC will “take time” to restore its balance thanks to changing market forces, analyst Willy Woo says.
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Category: Grayscale premium
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Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of […]Powered by WPeMatico
Record GBTC discount may spark $100K Bitcoin price rise — analyst
History repeating itself have the potential to spark a 2-4X BTC price run, data covering the GBTC premium suggests.
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