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Grayscale Bitcoin Trust Trades at Biggest Bitcoin Discount Since May
Bitcoin News now admin /

Digital Currency Group’s flagship Grayscale Bitcoin Trust is trading at about 16.52% below the Bitcoin spot price, marking the largest discount since Bitcoin’s May price decline.

The Grayscale Bitcoin Trust currently offers exposure to 0.000938223 BTC per share, an amount that trades for around $42.32 at market close on August 18. Through shares of GBTC, however, that same amount of Bitcoin trades at $35.31, a 16.52% negative spread between GBTC’s premium and underlying net asset value at time of writing.