One import thing it tells you is that $GBTC is not redeemable for #Bitcion.
19 Nov 2022, 11:48
One import thing it tells you is that $GBTC is not redeemable for #Bitcion.
Today the #Grayscale Bitcoin Trust traded at a 43% discount to its NAV. With #Bitcoin trading at $16,700, shareholders of $GBTC were willing to sell their Bitcoin for the equivalent of $9,500. What does that tell you about retail and institutional investor confidence in Bitcoin?