GBTC(Grayscale BTC) discount is ATL again!

in H4LAB Research • 8 months ago (edited)

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Source: YCharts

Since the early this year, the GBTC(Grayscale BTC) discount has been decreasing. I think the main reason is the probability of BTC spot ETFs approvals.

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The third deadlines whether BTC spot ETFs will be approved or not are scheduled to the middle of Jan next year. Well, I think the SEC is willing to delay them as late as possible. So, I'm not looking forward to the next January 😕

Before approving BTC spot ETFs, the crypto market will be more volatile. The volatility of cryptos can be opportunities for someone. I wish you take them this during this dawn 🌅

#gbtc #grayscale #btc #spot #etfs
8 months ago in H4LAB Research by
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