GBTC discount to NAV continues to tighten: The discount between shares of Grayscale’s Bitcoin Trust (GBTC) and the fund’s net asset value is at its lowest level in almost two years. After starting the year at a nearly 50% discount, GBTC’s discount has moved to ~13%, reflecting increased expectations that a bitcoin spot ETF will be approved in the near future. (Plurk Paste)

GBTC discount to NAV continues to tighten: The discount between shares of Grayscale’s Bitcoin Trust (GBTC) and the fund’s net asset value is at its lowest level in almost two years. After starting the year at a nearly 50% discount, GBTC’s discount has moved to ~13%, reflecting increased expectations that a bitcoin spot ETF will be approved in the near future.

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