The discount shrank to 8.6% on Friday, the lowest since July 2021, in a sign of escalating optimism that a spot bitcoin exchange-traded fund (ETF) will finally be approved in the U.S. Analysts attributed the improvement to Grayscale’s meeting with the Securities and Exchange Commission (SEC) about turning the trust into a spot ETF. The discount hit a record low of almost 50% last December.
Source: https://www.coindesk.com/markets/2023/11/27/ark-invest-sold-5m-worth-of-grayscale-bitcoin-trust-shares-last-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines