GBTC discount hits a historic high of nearly 50%

ChainCatcher news, the price discount of Grayscale Bitcoin Trust (GBTC), the world's largest Bitcoin fund, has reached a historic high of nearly 50% compared to the price of Bitcoin.

GBTC is a way for investors to gain exposure to Bitcoin through traditional investment vehicles. According to data from crypto index provider TradeBlock, the current trading discount of GBTC is 47.3%. Since March 2021, the price of GBTC has been below the price of Bitcoin. Prior to this, the trust benefited from strong institutional demand, trading at a double-digit premium relative to its net asset value. (Source link)