{"id":72200,"date":"2023-01-03T14:56:03","date_gmt":"2023-01-03T12:56:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72200"},"modified":"2025-09-08T13:35:53","modified_gmt":"2025-09-08T10:35:53","slug":"grayscales-gbtc-discount-exceeds-45","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscales-gbtc-discount-exceeds-45\/","title":{"rendered":"Grayscale&#8217;s GBTC discount exceeds 45%"},"content":{"rendered":"<p>The discount on Grayscale Investments&#8217; Bitcoin Trust (GBTC) relative to <span data-descr=\"net asset value\" class=\"old_tooltip\">NAV<\/span> reached 45.17%. Data from <a href=\"https:\/\/ycharts.com\/companies\/GBTC\/discount_or_premium_to_nav\">yCharts<\/a> show this.<\/p>\n<p><!--more--><\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1004\" height=\"251\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Discount.png\" alt=\"Discount\" class=\"wp-image-194777\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Discount.png 1004w, https:\/\/u1f987.com\/wp-content\/uploads\/Discount-300x75.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Discount-768x192.png 768w\" sizes=\"auto, (max-width: 1004px) 100vw, 1004px\" \/><figcaption>GBTC premium\/discount to NAV dynamics. Data: yCharts.<\/figcaption><\/figure>\n<p>632,078 BTC are under Grayscale Investments&#8217; management, worth about $10.5 billion. This represents 3.28% of the market capitalization of the <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">\u0440\u044b\u043d\u043e\u0447\u043d\u043e\u0439 \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0438 \u043f\u0435\u0440\u0432\u043e\u0439 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"285\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Grayscale-7-1024x285.png\" alt=\"Grayscale-7\" class=\"wp-image-194778\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Grayscale-7-1024x285.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Grayscale-7-300x83.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Grayscale-7-768x214.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Grayscale-7.png 1201w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/www.oklink.com\/en\/data\/grayscale\">OKLink<\/a>.<\/figcaption><\/figure>\n<p>\u0423 \u0442\u0440\u0430\u0441\u0442\u0430 \u043d\u0430 \u0431\u0430\u0437\u0435 Ethereum \u0434\u0438\u0441\u043a\u043e\u043d\u0442 \u043e\u0442\u043d\u043e\u0441\u0438\u0442\u0435\u043b\u044c\u043d\u043e \u0447\u0438\u0441\u0442\u043e\u0439 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 \u0441\u043e\u0441\u0442\u0430\u0432\u043b\u044f\u0435\u0442 59.3%.<\/p>\n<p>\u0422\u0430\u043a\u0436\u0435 \u043f\u043e\u0434 \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u0435\u043c \u043e\u0441\u043d\u043e\u0432\u0430\u043d\u043d\u043e\u0439 \u0411\u0430\u0440\u0440\u0438 \u0421\u0438\u043b\u0431\u0435\u0440\u0442\u043e\u043c \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u043d\u0430\u0445\u043e\u0434\u0438\u0442\u0441\u044f Ethereum Classic (ETC) \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u044c\u044e $190.8 \u043c\u043b\u043d. \u042d\u0442\u043e 8.5% \u043e\u0442 \u0440\u044b\u043d\u043e\u0447\u043d\u043e\u0439 \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0438 ETC. \u0421\u043d\u0438\u0436\u0435\u043d\u0438\u0435 \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043e\u043a \u043e\u0442\u043d\u043e\u0441\u0438\u0442\u0435\u043b\u044c\u043d\u043e \u0447\u0438\u0441\u0442\u043e\u0439 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u0432 \u0434\u0430\u043d\u043d\u043e\u043c \u0441\u043b\u0443\u0447\u0430\u0435 \u0441\u043e\u0441\u0442\u0430\u0432\u043b\u044f\u0435\u0442 76.69%. <\/p>\n<p>\u0414\u0438\u0441\u043a\u043e\u043d\u0442 \u043f\u043e GBTC \u043d\u0430\u0447\u0430\u043b \u0444\u043e\u0440\u043c\u0438\u0440\u043e\u0432\u0430\u0442\u044c\u0441\u044f \u0435\u0449\u0435 \u0432 \u043d\u0430\u0447\u0430\u043b\u0435 2021 \u0433\u043e\u0434\u0430, \u043d\u0430 \u0444\u043e\u043d\u0435 <a href=\"https:\/\/u1f987.com\/en\/news\/barry-silbert-steps-down-as-ceo-of-grayscale-investments\"> Barry Silbert&#8217;s departure from the role of CEO<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1012\" height=\"255\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Discount2.png\" alt=\"Discount2\" class=\"wp-image-194779\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Discount2.png 1012w, https:\/\/u1f987.com\/wp-content\/uploads\/Discount2-300x76.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Discount2-768x194.png 768w\" sizes=\"auto, (max-width: 1012px) 100vw, 1012px\" \/><figcaption>GBTC premium\/discount to NAV dynamics. Data: yCharts.<\/figcaption><\/figure>\n<p>\u0421\u043d\u0438\u0436\u0435\u043d\u0438\u044e \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043e\u043a \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u0442\u0440\u0430\u0441\u0442\u0430 \u0442\u0430\u043a\u0436\u0435 \u0441\u043f\u043e\u0441\u043e\u0431\u0441\u0442\u0432\u043e\u0432\u0430\u043b\u0430 \u0437\u0430\u0434\u0435\u0440\u0436\u043a\u0430 \u0441 \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u0435\u043c \u0437\u0430\u044f\u0432\u043a\u0438 \u043d\u0430 \u043f\u0440\u0435\u043e\u0431\u0440\u0430\u0437\u043e\u0432\u0430\u043d\u0438\u0435 \u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u044b \u0432 \u0431\u0438\u0440\u0436\u0435\u0432\u043e\u0439 \u0444\u043e\u043d\u0434 (<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>). \u0413\u043b\u0430\u0432\u0430 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u041c\u0430\u0439\u043a\u043b \u0417\u043e\u043d\u043d\u0435\u043d\u0448\u0430\u0439\u043d <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-makes-converting-its-bitcoin-trust-into-an-etf-its-top-priority\">\u043d\u0430\u0437\u0432\u0430\u043b \u044d\u0442\u0443 \u0437\u0430\u0434\u0430\u0447\u0443 \u0432\u0430\u0436\u043d\u0435\u0439\u0448\u0438\u043c \u043f\u0440\u0438\u043e\u0440\u0438\u0442\u0435\u0442\u043e\u043c<\/a>. <\/p>\n<p>\u0421\u0438\u0442\u0443\u0430\u0446\u0438\u044f \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u044c\u043d\u043e \u0443\u0441\u0443\u0433\u0443\u0431\u0438\u043b\u0430\u0441\u044c \u043d\u0430 \u0444\u043e\u043d\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c Genesis Global Capital, \u0432\u043e\u0437\u043d\u0438\u043a\u0448\u0438\u0445 \u043f\u043e\u0441\u043b\u0435 <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">\u043a\u043e\u043b\u043b\u0430\u043f\u0441\u0430 FTX<\/a>. \u041a\u0430\u043a \u0438 Grayscale Investments, OTC-\u043f\u043b\u0430\u0442\u0444\u043e\u0440\u043c\u0430 \u044f\u0432\u043b\u044f\u0435\u0442\u0441\u044f \u0434\u043e\u0447\u0435\u0440\u043d\u0435\u0439 \u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u043e\u0439 Digital Currency Group (DCG).<\/p>\n<p>\u041a\u0440\u0438\u0437\u0438\u0441 \u043f\u0440\u0438\u0432\u0435\u043b \u043a <a href=\"https:\/\/u1f987.com\/en\/news\/ft-reports-genesis-and-dcg-owe-gemini-clients-900-million\">\u0437\u0430\u0434\u043e\u043b\u0436\u0435\u043d\u043d\u043e\u0441\u0442\u0438 \u0432 $900 \u043c\u043b\u043d<\/a> \u043f\u043e \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u043c\u0435 Earn \u043a\u043b\u0438\u0435\u043d\u0442\u0430\u043c \u0431\u0438\u0440\u0436\u0438 Gemini, \u044f\u0432\u043b\u044f\u044e\u0449\u0435\u0439\u0441\u044f \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u043e\u043c Genesis Global Capital. \u0421\u043e\u043e\u0441\u043d\u043e\u0432\u0430\u0442\u0435\u043b\u044c \u0442\u043e\u0440\u0433\u043e\u0432\u043e\u0439 \u043f\u043b\u0430\u0442\u0444\u043e\u0440\u043c\u044b \u041a\u044d\u043c\u0435\u0440\u043e\u043d \u0423\u0438\u043d\u043a\u043b\u0432\u043e\u0441\u0441 \u0432 \u043e\u0442\u043a\u0440\u044b\u0442\u043e\u043c \u043f\u0438\u0441\u044c\u043c\u0435 <a href=\"https:\/\/u1f987.com\/en\/news\/cameron-winklevoss-urges-barry-silbert-to-settle-the-900-million-debt-by-january-8\">\u043f\u0440\u0438\u0437\u0432\u0430\u043b<\/a> \u0411\u0430\u0440\u0440\u0438 \u0421\u0438\u043b\u0431\u0435\u0440\u0442\u0430 \u0440\u0435\u0448\u0438\u0442\u044c \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u0443 \u0434\u043e 8 \u044f\u043d\u0432\u0430\u0440\u044f.<\/p>\n<p>In December, Bernstein analysts <a href=\"https:\/\/u1f987.com\/en\/news\/bernstein-analysts-flag-possible-liquidation-of-the-grayscale-bitcoin-trust\">suggested<\/a> selling the Grayscale Bitcoin Trust as a possible scenario in the company\u2019s restructuring process.<\/p>\n<p>\u0427\u0438\u0442\u0430\u0439\u0442\u0435 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u043d\u043e\u0432\u043e\u0441\u0442\u0438 ForkLog \u0432 \u043d\u0430\u0448\u0435\u043c <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442, \u043a\u0443\u0440\u0441\u044b \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBTC discount to NAV reached a record 45.17%.<\/p>\n","protected":false},"author":1,"featured_media":72201,"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-72200","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":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72200","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=72200"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72200\/revisions"}],"predecessor-version":[{"id":72202,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72200\/revisions\/72202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72201"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}