14 Mar 2023

Grayscale versus SEC

The market reacted positively to Grayscale’s oral hearing versus the SEC last Tuesday, as GBTC’s discounts narrowed. What's next?
GBTC Discount Mar 14
Source: Ycharts
The narrowing discounts are driven by growing optimism related to the Court of Appeals to vacate the SEC’s order and direct the SEC to reconsider the filing. This piece is a part of our weekly market report, Ahead of the Curve. Read the full 14-page report by clicking here.
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