Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval

Must read

West watches for Putin’s next move after breakaway region asks Moscow to ‘protect’ it from Moldova

Russian President Vladimir Putin during a meeting with his confidants for the 2024 election at Gostiny Dvor in Moscow, Russia, on Jan. 31, 2024.Maxim...

AB InBev profits rise despite ongoing hit from Bud Light boycott in U.S.

Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even...

Wall Street takes bets on which major central bank will blink first

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the...

Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg...

Investing.com - Financial Markets Worldwide

Quotes

All Instrument Types

  • All Instrument Types
  • Indices
  • Equities
  • ETFs
  • Funds
  • Commodities
  • Currencies
  • Crypto
  • Bonds
  • Certificates

Please try another search

Published Oct 15, 2023 11:17PM ET Updated Oct 17, 2023 01:00AM ET

Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval © Reuters

Grayscale’s Bitcoin (BTC) investment vehicle, Grayscale Bitcoin Trust (GBTC), is trading at its lowest discount in nearly two years as spot Bitcoin exchange-traded funds (ETFs) continue to inch toward potential approval in the United States.

The latest data from YCharts shows GBTC’s discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of Oct. 13.

GBTC’s Discount to NAV chart over the last 12 months. Source: YCharts

Continue Reading on Cointelegraph

Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval

More articles

Latest article

West watches for Putin’s next move after breakaway region asks Moscow to ‘protect’ it from Moldova

Russian President Vladimir Putin during a meeting with his confidants for the 2024 election at Gostiny Dvor in Moscow, Russia, on Jan. 31, 2024.Maxim...

AB InBev profits rise despite ongoing hit from Bud Light boycott in U.S.

Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even...

Wall Street takes bets on which major central bank will blink first

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the...

Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023.Qilai Shen | Bloomberg...

Elon Musk again promises next-generation Roadster, six years after first hyping it

Tesla RoadsterCourtesy: TeslaSix years ago, Elon Musk hyped a next-generation Roadster, the name of Tesla's debut car from 2008. A refreshed version was never...