Gbtc current discount
WebOct 19, 2024 · The Grayscale Bitcoin Trust (GBTC) is facing a 20% discount on the underlying asset. The firm is now hoping to pivot to a Bitcoin ETF. Grayscale Bitcoin Trust Hits 20% Discount as Firm Files for ETF Conversion. News Courses Deep Dives Coins Videos. Coin Prices. Price data by. AD. News Business. Grayscale Bitcoin Trust Hits … WebDec 19, 2024 · Grayscale Weighs Tender Offer for 20% of Shares in Its Deeply-Discounted Bitcoin Trust If the SEC again blocks Grayscale's attempts to convert its Bitcoin product into an ETF, the firm has other options to help investors.
Gbtc current discount
Did you know?
WebDec 20, 2024 · However, the current discount of 21.3% is the largest in GBTC’s eight-year history. The discrepancy in the underlying value and market price of GBTC is a useful indicator of institutional sentiment surrounding the top crypto asset. The increasing discount on GBTC could potentially hint at weakening institutional interest in the asset class. WebOct 28, 2024 · Early in 2024, GBTC still traded at as much as a 20% premium. Today, it trades at a 17% discount and that has severely impacted its return. Year-to-date, bitcoin …
WebNov 21, 2024 · GBTC hitting its lowest discount on record is further intensifying the fear, which prompted Grayscale to release a statement that reaffirmed that its assets are currently being secured by Coinbase … WebNov 10, 2024 · The discount in GBTC shares relative to the value of the underlying asset held in the fund widened to a record 36.7% on November 7. Bitcoin has dropped by nearly 20% during the past two weeks as the bear market shows its ugly claws. Analysts say that a continued widening of the GBTC discount shows a weakening institutional demand for …
WebJan 25, 2024 · In my view, I prefer the underlying coin plus monthly interest, but have to admit GBTC at a discount of nearly 30% to NAV is comparable. The current juncture of GBTC is the most bullish I have ... WebJan 12, 2024 · Ultimately, that would put further pressure on the current GBTC discount, enticing other shareholders to sell shares as the discount drops further. Ryan Selkis 🥷 @twobitidiot Reminder that DCG spent $772mm absorbing the forced selling of 3AC and BlockFi as they offloaded their GBTC positions from Q1'21 to Q3'22.
WebApr 12, 2024 · In addition, against the current bear market, investing in GBTC, for example, can offer more competitive returns to investors.” As Grayscale Bitcoin Trust shares trade at a discount of 36% compared to their NAV, it becomes an attractive option for investors with a long-term outlook and the possibility of making arbitrage profits.
Web26 rows · Apr 3, 2024 · The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. This metric can be a valuable metric to track how far away a security is … GBTC performance including annual and periodic returns and upside/downside … GBTC: Grayscale Bitcoin Trust (BTC) 100.0%: 17.72: 3.38% As of March 31, … In depth view into GBTC Price including historical data from 2013, charts and stats. The discount/premium to NAV is a percentage that calculates the amount … Learn about the Discount/Premium to NAV with the definition and formula explained … Tell a Compelling Story Using Stunning Visuals. Go beyond price to chart the … The discount/premium to NAV is a percentage that calculates the amount … shumate auctions onlineWebOct 18, 2024 · Trading as an ETF would enable GBTC's market price per share to align with the holdings per share value, removing the current 35% discount. Find out what to expect. shumate air conditioning and heatingWebJun 6, 2024 · The GBTC discount rebounded sharply between May 21 and May 24 from -21.23% to -3.86% before falling to around -12% as of June 3. This indicates that institutional interest is rising in tandem with ... shumate auctionsWebMar 6, 2024 · Known in crypto markets as the "Grayscale discount," this key metric has narrowed to 42% at press time after hitting levels of 47% in mid-February. According to data from TradeBlock, this is the ... shumate appraisal services wvWebNov 25, 2024 · The U.S. investment giant has increased its exposure to Bitcoin with an additional purchase of Grayscales discounted GBTC shares. By Andrew Asmakov Nov 25, 2024 Nov 25, 2024 shumate annaWebApr 3, 2024 · Historical Discount or Premium to NAV Data. View and export this data back to 2024. Upgrade now. Date. Value. March 31, 2024. -51.87%. March 30, 2024. -53.00%. shumar primary schoolWebNov 17, 2024 · The Greyscale Bitcoin Trust ( OTC:GBTC ), which owns Bitcoin as its underlying asset, recently traded at 42% discount to the net asset value. While closed-end funds and trusts often trade at small ... shumate and faulk