43 days ago • Posted by William Ramstein
Bitcoin fund Grayscale sees a selloff
The $32 billion Grayscale Bitcoin Trust has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency. GBTC’s once-massive premium to its underlying holdings has evaporated as a result, with the price of GBTC closing 0.7% below its underlying holdings on Wednesday -- the first discount since March 2017. Source: Bloomberg.