Grayscale GBTC negative premium rate is currently 6.52%
The current negative premium rate of Grayscale GBTC is 6.52%, the negative premium rate of ETH Trust is 15.33%, the negative premium of ETC Trust is 46.88%, the positive premium of LTC Trust is 56.99%, the positive premium of BCH Trust is 60.87%, and the positive premium of SOL Trust is 319.20%.
CryptoQuant CEO: Grayscale sent 21,400 Bitcoins to multiple addresses in the past month
According to CryptoQuant founder Ki Young Ju's post on X, Grayscale has sent 21,400 bitcoins to multiple addresses including Coinbase in the past month.
Grayscale sent a total of 21,400 BTC to multiple addresses in the past 30 days
CryptoQuant.com founder and CEO Ki Young Ju posted data on social media indicating that Grayscale sent a total of 21,400 BTC to multiple addresses (including Coinbase) in the past 30 days.
Grayscale transfers 4,000 BTC to Coinbase Prime, may conduct ETF redemption activity
Grayscale has started to move Bitcoin out of its trust and began sending it to Coinbase at 2 pm Greenwich Mean Time. So far, a total of 4,000 BTC (about $200 million) has been sent, and all Bitcoin has been sent to Coinbase Prime.
Grayscale's Bitcoin Fund Sees Discount to NAV Shrink to 0% After SEC Approval for ETF Conversion
Grayscale's bitcoin fund, GBTC, has reached a 0% discount to net asset value for the first time since February 2021 after receiving approval from the US Securities and Exchange Commission to convert into a spot bitcoin exchange-traded fund (ETF). The fund previously traded at a discount to the price of bitcoin it held, hitting record lows of nearly 50% in December 2022. The discount began to narrow as expectations of an ETF approval surfaced last summer and on rising bitcoin sentiment. The conversion to an ETF allows for an arbitrage mechanism that enables market makers to create or redeem shares at their discretion, which should prevent future discounts.
GBTC has officially completed its transformation into an ETF
Eric Balchunas, an ETF analyst at Bloomberg, stated on X platform that GBTC has officially completed its transition to an ETF.
Grayscale Bitcoin ETF has made its first pre-market trade on the NYSE
The Grayscale Bitcoin ETF has reportedly conducted its first pre-market trading on the New York Stock Exchange (NYSE), as disclosed by Bitcoin Archive.
Grayscale has filed a revised Form S-1 for spot Bitcoin ETF
Grayscale has submitted a revised application for a spot Bitcoin ETF on Form S-1.
Grayscale files updated version of its Spot Bitcoin ETF S-1 Application
According to the SEC official website, Grayscale submitted an updated version of its spot Bitcoin ETF S-1 application, with an ETF fee of 1.5%.
Grayscale GBTC negative premium rate narrowed to 5.59%
According to Coinglass data on January 7th, the Grayscale GBTC negative premium rate has narrowed to 5.59%, and the ETH trust premium rate is 9.96%. In addition, the ETC trust premium is 30.87%, the LTC trust premium is 172.11%, and the BCH trust premium is 119.02%.
