Coinglass data shows that the current Grayscale GBTC negative premium rate is 9.48%, ETH Trust negative premium rate is 13.73%, and ETC Trust negative premium rate is 25.01%. In addition, Grayscale LTC Trust has a premium rate of 53.22%, BCH Trust has a premium rate of 73.37%, SOL Trust has a premium rate of 250.54%, and LINK Trust has a premium rate of 239.30%.

Cathie Wood's ARK Invest continued to reduce its holdings of Grayscale Bitcoin Trust (GBTC) on December 11th, selling a total of 395,945 shares worth approximately $12.85 million.

Grayscale Investments CEO Michael Sonnenshein said he is optimistic after communicating with the SEC regarding a Bitcoin ETF. He said, "We feel optimistic and have been actively in contact with the SEC. The feedback we have received from them indicates that the SEC wants to be involved in resolving this issue and is eager to make progress on it." Sonnenshein added that the approved timetable has not yet been announced.

The SEC has postponed its decision on Grayscale's Ethereum ETF offering. The proposed rule change would allow NYSE Arca to list and trade shares of the Grayscale Ethereum Trust. The SEC cited the need for more time to consider the proposal and the issues raised. The new deadline for a decision is January 25, 2024.

Grayscale stated on X platform that Bitcoin is a digital substitute for physical gold. Bitcoin benefits from some of the factors that push up gold prices, such as a decrease in real interest rates. Grayscale analysts believe that the Fed's increase in real interest rates may suppress the price of Bitcoin, while interest rate cuts may help valuation rebound. Any signs indicating that interest rate cuts may begin relatively early next year could support the price of Bitcoin.

According to Coinglass data, the current total value of Grayscale's holdings is about $38.769 billion. The negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 10.15%; the premium rate of ETH Trust is 14.95%. In addition, the premium rate of ETC Trust is 33.52%, and the premium rate of LTC Trust is 38.39%.

According to Coinglass data, the current Grayscale GBTC negative premium rate is 10.15%, ETH Trust negative premium rate is 14.95%, and ETC Trust negative premium rate is 33.52%. In addition, Grayscale BCH Trust has a premium rate of 62.15% and SOL Trust has a premium rate of 288.06%.

Odaily Planet Daily News reported that Grayscale officially stated in an interview that John Hoffman, the new Managing Director and Head of Distribution and Strategic Partnerships at Grayscale, has been investing in BTC since 2013, but "it took much longer to emotionally invest in its innovation." Hoffman also stated that in terms of time, the innovation trigger for blockchain has already passed 15 years, but when considering the adoption and impact of blockchain, it may currently only be at 1% of an exponential trend. Hoffman expects that digital assets will change the way people live, work, and entertain themselves in the next decade, and are now entering the "enlightenment slope," where the early promises of blockchain are increasingly being put into practice and demonstrating real-world utility.

SEC stated that its trading and market division met with Bitwise, VanEck, Fidelity, and Invesco at the end of November regarding their respective proposals. The agency also met with 21Shares on behalf of Ark Invest's spot Bitcoin ETF proposal around the end of this month. The SEC does not appear to have met with WisdomTree, Valkyrie, or GlobalX regarding their respective spot Bitcoin ETF applications. Although the US Securities and Exchange Commission has disclosed several recent meetings, it has not publicly announced any plans to approve spot Bitcoin ETFs.

According to a blog post by Grayscale, in ETF form, GBTC's stock is expected to track Bitcoin's price more closely, which means any premium or discount in GBTC's stock price is expected to disappear. As of November 29, 2023, GBTC's assets under management were $23.4 billion, with a discount of 8.09%, or $1.89 billion. This means that assuming the current discount disappears, GBTC will release approximately $1.89 billion in value to investors through arbitrage mechanisms once it is listed on NYSE Arca and becomes an ETF.