Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%

Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%

Grayscale applied last year to convert GBTC into a spot exchange-traded fund. Many analysts are skeptical that the U.S. Securities and Exchange Commission (SEC) will approve the conversion anytime soon, though some traders have bought GBTC as a way of betting on the prospect of the SEC’s nod; in that sense, a wider discount signals dimming optimism for such an approval.

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