11 Jul 2023

GBTC discount narrows to May 2022 levels

GBTC's discount has risen to 26.5% following BlackRock's BTC ETF announcement.
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Following the BlackRock ETF filing, Grayscale’s discount to its NAV has narrowed significantly from -44% on June 13 to -26.5% on July 6, pushing GBTC’s YTD returns to 141%. The narrowing discounts stem from increased perceived odds of an ETF approval after
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