Dusk has fallen on the Bitcoin Trust

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Grayscale Bitcoin Trust traded at a record 42% discount to the underlying value of the bitcoin it holds.

whether users were made aware of the risk in that growing discount before they were invested, it declined to answer directly. A spokesperson later said investors were given general information on it carrying higher expense ratios than most ETFs.An ETF would keep the price hewing to net asset value , and Grayscale plans to convert GBTC to an ETF if they are allowed to.FTX.com's collapse has been another setback for the crypto industry.

The SEC has made it clear that a SEC regulated exchange for bitcoin would have to exist first, and that could take some time."

 

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