The most important Bitcoin fund simply hit a document -35% low cost — A warning for BTC worth?
Grayscale Belief (GBTC), a cryptocurrency fund that at present holds 3.12% of the whole Bitcoin (BTC) provide, or over 640,000 BTC, is buying and selling at a document low cost in comparison with the worth of its underlying belongings.
On Sep. 23, the $12.55 billion closed-end belief was buying and selling at a 35.18% low cost, in response to the most recent knowledge.
GBTC low cost versus spot worth. Supply: YChartsGBTC every day worth chart. Supply: TradingViewGBTC 12-month adjusted Sharpe Ratio. Supply: PortfolioSlab.comFund flows by supplier. Supply: CoinSharesNDAQ versus BTC/USD every day worth chart. Supply: TradingView versus US 10-year and US 2-year Treasury yields. Supply: TradingViewBTC/USD eight-hour worth chart. Supply: TradingView/Capo of Crypto
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