11 Jul 2023
GBTC discount narrows to May 2022 levels
GBTC's discount has risen to 26.5% following BlackRock's BTC ETF announcement.
Preview
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
