GBTC has risen 225.91% during the year and is now trading at $26.79
GBTC has risen 225.91% year-to-date and is now trading at $26.79, up 2.41% for the day.
In addition, Glassnode data shows that GBTC's negative premium is currently -13.12%.
Grayscale GBTC Negative Premium Rate Has Narrowed to 13.12%
According to Coinglass data, the current negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) has narrowed to 13.12%. The ETH Trust has a negative premium rate of 22.05%, the ETC Trust has a negative premium of 45.15%, the LTC Trust has a negative premium of 10.69%, and the BCH Trust has a negative premium of 9.05%.
Grayscale GBTC negative premium rate has narrowed to 13.12%
According to Coinglass data on October 24th, the current premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 13.12%; ETH Trust premium rate is 22.05%. In addition, ETC Trust premium is 45.15%, LTC Trust premium is 10.69%, and BCH Trust premium is 9.05%.
ARK Fund has reduced its GBTC holdings worth approximately US$3.19 million since October.
Data from ARK Invest shows that the ARK Invest Ark Fund has sold a total of 134,992 GBTC shares since October, worth approximately $3.19 million at current prices. As of Friday's close, GBTC closed at $23.64.
Even if Grayscale wins the case, the court does not have the authority to require the SEC to approve the conversion of GBTC into an ETF
On October 19, SEC Chairman Gary Gensler stated in an interview with Bloomberg that the SEC has received 8-10 filings from ETF issuers and is awaiting recommendations from staff on the approval process. Bloomberg ETF analyst Eric Balchunas stated that courts mostly reiterate what they have already said and will not require the SEC to convert GBTC (to a spot ETF) as it is not within the court's power. Therefore, even if Grayscale GBTC wins, the SEC still controls its fate to some extent.
Grayscale GBTC negative premium rate narrowed to 13.54%
Current premium rate of Grayscale Bitcoin Trust (GBTC) has further narrowed to 13.54%.
The premium rate of Grayscale's other currency trusts is as follows: ETH Trust has a premium rate of 23.7%, ETC Trust has a premium rate of 46.37%, LTC Trust has a premium rate of 11.15%, BCH Trust has a premium rate of 11.17%, and ZEC Trust has a premium rate of 16.9%.
Grayscale GBTC negative premium rate has narrowed to 12.98%
The secondary market price of Grayscale Bitcoin Trust (GBTC) is currently reported at $22.26, while the primary market price is $25.58. The current GBTC premium rate is 12.98%, which is the closest trading price to the net asset value since December 2021.
Grayscale GBTC Has Risen by More Than 160% This Year, and the Negative Premium Rate Has Narrowed to 14%
Bloomberg data shows that the Grayscale Bitcoin Trust (GBTC) discount has narrowed to 14%, the lowest level since December 2021. In addition, GBTC has risen 164% this year, compared to Bitcoin's rise of about 71%.
GBTC negative premium narrowed to 14% intraday, the lowest since 2021
According to Bloomberg Intelligence compiled data, Grayscale Bitcoin Trust Fund (GBTC) narrowed to about 14% during the day, which is the narrowest reading since 2021. Earlier this year, GBTC's negative premium was close to 50%. As of 11:00 am Eastern Time on Monday, Bitcoin rose by about 3.6%, while GBTC's stock price rose by 7.9%.
Grayscale GBTC Negative Premium Rate Has Narrowed to 15.88%
According to Coinglass data on October 16th, the current negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 15.88%; ETH Trust's premium rate is 25.54%. In addition, ETC Trust's premium is 47.14%, LTC Trust's premium is 14.63%, and BCH Trust's premium is 17.11%.
