Grayscale GBTC Discount Declines Amid Bitcoin ETF News

in #crypto • last year

photo_2023-06-20_08-21-49.jpg

The news of BlackRock's Bitcoin ETF has given a significant boost to Grayscale's ETFs. Over the past few days, GBTC has outperformed Bitcoi, narrowing its discount to NAV and currently trading near YTD highs.

According to recent rumours, Fidelity Investments is planning to apply for a Bitcoin ETF and make an offer to acquire Grayscale.

Source: https://cryptorank.io/ico/grayscale-bitcoin-trust

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