What seemed like an insurmountable discount that once plagued the world’s largest Bitcoin fund is starting to shrink as some speculators witness the end of Barry Silbert. miserable.
$10.9 billion Grayscale Bitcoin Trust (ticker GBTC) It surged nearly 12% on Monday, outpacing the 1.3% rise of the cryptocurrency itself. This narrowed the fund’s discount to its underlying bitcoin holdings to around 39%, compared to hitting a nadir of 49% in mid-December.
