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GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

Published 11/20/2022, 07:02 AM
Updated 11/20/2022, 08:40 AM
GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.

The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over defunct exchange FTX.

GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass
Grayscale BTC holdings vs. BTC/USD chart. Source: Coinglass
Combined Holdings of Grayscale Bitcoin Trust (GBTC) for ARK Invest ETFs (screenshot). Source: Cathiesark.com

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Latest comments

There is no way GBTC funds are being misused as much as the SEC has been looking into them and with the active case they have open. IDK about DCG though. it would be nice if Fidelity bought Grayscale
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