GBTC Discount Continues to Shrink Amid Hopes for Bitcoin ETF Approval
The Grayscale Bitcoin Trust's discount to its net asset value has reached its lowest level since July 2021, driven by optimism surrounding the potential approval of a spot Bitcoin ETF. Grayscale has long sought to convert the Trust into an ETF, with a court order in late October ordering the SEC to review its application. The entry of BlackRock into the Bitcoin ETF space has further fueled optimism
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GBTC Discount Continues to Shrink Amid Hopes for Bitcoin ETF Approval
The Grayscale Bitcoin Trust's discount to its net asset value has reached its lowest level since July 2021, driven by optimism surrounding the potential approval of a spot Bitcoin ETF. Grayscale has long sought to convert the Trust into an ETF, with a court order in late October ordering the SEC to review its application. The entry of BlackRock into the Bitcoin ETF space has further fueled optimism