Grayscale Bitcoin Trust Trades at Biggest Bitcoin Discount Since May

Digital Currency Group’s flagship Grayscale Bitcoin Trust is buying and selling at about 16.52% under the Bitcoin spot worth, marking the most important low cost since Bitcoin’s May worth decline.

The Grayscale Bitcoin Trust at the moment provides publicity to 0.000938223 BTC per share, an quantity that trades for round $42.32 at market shut on August 18. Through shares of GBTC, nonetheless, that very same quantity of Bitcoin trades at $35.31, a 16.52% damaging unfold between GBTC’s premium and underlying web asset worth at time of writing.

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