Grayscale’s GBTC discount rate dropped to -26.53%, a new record low

time:2022-01-20 02:00 source:Internet

According to data from YCharts, the discount rate of Grayscale GBTC dropped to -26.53%, a new record low. The deep discount to the product not only means that existing holders of GBTC are in the red, but it could also be seen as a bearish indicator of broader institutional sentiment towards Bitcoin, the analysis said.

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