GBTC: Here's Why The Discount Became Larger Still


  • GBTC had already been trading at a large discount to Bitcoin.
  • Now Bitcoin fell more, and GBTC's discount, to add insult to injury, widened further still.
  • I explain why, as well as provide some hints for the future.
  • Looking for more investing ideas like this one? Get them exclusively at Idea Generator. Learn More »
Tattooing cryptocurrency concept on naked back

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For a long while, the Grayscale Bitcoin Trust (OTC:GBTC) has traded at a discount to NAV -- Net Asset Value, the value of the Bitcoin (BTC-USD) it holds. Indeed, one year and a half ago I wrote an article

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