GBTC shares jump 10% in twelve days, narrowing discount to 40%

Quick Take

• The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record.
• GBTC trades at a premium when shares are changing hands at a higher price than the underlying BTC.
• Conversely, if GBTC shares are trading below the net asset value (NAV), GBTC is deemed at a discount.
• The current 40% discount would price Bitcoin at $12,794
• For more information on the GBTC premium trade, see our latest market report

The post GBTC shares jump 10% in twelve days, narrowing discount to 40% appeared first on CryptoSlate.

Source: https://cryptoslate.com/insights/gbtc-shares-jump-10-in-twelve-days-narrowing-discount-to-40/