to bitcoin through a traditional investment vehicle. GBTC was trading at a discount rate of 47.3%, according to data from crypto index provider TradeBlock.
“The fact that Grayscale’s Bitcoin Trust is now trading at nearly 50% discount is just awful for holders of GBTC. It really highlights thebetween different investment vehicles,” Bradley Duke, co-CEO at ETC Group, said in a note to CoinDesk.over the last few weeks as fears surfaced that crypto trading firm Genesis Global Trading, which is owned by Grayscale’s parent company, Digital Currency Group , could file for bankruptcy. DCG is also CoinDesk's parent company.
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_jocelynyang_ BarrySilbert your silence is deafening!! Zero mention from Grayscale about the elephant in the room, namely the horrendous discount on the GBTC price compared to the NAV. Time to do something for your GBTC investors instead of allowing greed to drive decisions. Talk to us!!
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