{"id":41304,"date":"2021-04-23T15:24:26","date_gmt":"2021-04-23T12:24:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41304"},"modified":"2025-08-30T18:12:42","modified_gmt":"2025-08-30T15:12:42","slug":"grayscales-gbtc-discount-hits-a-record-19","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscales-gbtc-discount-hits-a-record-19\/","title":{"rendered":"Grayscale’s GBTC discount hits a record 19%"},"content":{"rendered":"

On April 22, the discount of Grayscale Investments’ Bitcoin Trust (GBTC) shares to the net asset value (NAV) fell to 18.92%. The discount has been in place since February 23.<\/p>\n

\\\"\u0414\u0438\u0441\u043a\u043e\u043d\u0442
GBTC premium\/discount to NAV over time. Data: yCharts<\/a>.
<\/figcaption><\/figure>\n

One reason for the discount was Grayscale’s temporary suspension of deposits<\/a> into GBTC.<\/p>\n

In April, one of the holders of the Bitcoin Trust’s shares, investment firm Marlton, wrote an open letter<\/a> to the management urging to restore clients’ ability to invest in this product.<\/p>\n

In Arcane Research, among other reasons for the discount, they named the emergence of alternative instruments, the launch of bitcoin funds, and direct purchases of the cryptocurrency by individual companies.<\/p>\n

Recently the Canadian regulator approved a third exchange-traded fund<\/a> based on the first cryptocurrency (ETF), available to investors including in U.S. dollars. A similar instrument also received listing<\/a> in Brazil.<\/p>\n

In the spring of 2021 the U.S. Securities and Exchange Commission (SEC) began reviewing two ETF applications from WisdomTree<\/a> and VanEck<\/a>.<\/p>\n

As noted, Grayscale plans to convert GBTC into an exchange-traded fund<\/a> based on digital gold. In March the company posted nine job openings<\/a> related to this initiative.<\/p>\n

Earlier, Grayscale launched<\/a> five new crypto funds. Before that, the firm filed applications<\/a> to register six more trusts.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"

On April 22, the discount of Grayscale Investments’ Bitcoin Trust (GBTC) to the net asset value (NAV) fell to 18.92%. The discount has been in place since February 23.<\/p>\n","protected":false},"author":1,"featured_media":41305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1214,943],"class_list":["post-41304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grayscale-bitcoin-trust","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41304"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41304\/revisions"}],"predecessor-version":[{"id":41306,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41304\/revisions\/41306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41305"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}