GBTC Discount Narrows as Bulls Continue to Drive Its Price

Published 06/12/2023, 08:48
Updated 06/12/2023, 09:15
GBTC Discount Narrows as Bulls Continue to Drive Its Price

Coin Edition -

  • Kaiko revealed in an X post that the GBTC discount is at its most narrow in years.
  • According to the post, the GBTC discount stands at just 8% ahead of the possible ETF conversion.
  • Technical indicators on GBTC’s daily chart suggested that its price may continue to rise in the next few days.

The blockchain intelligence platform Kaiko revealed in an X (formerly Twitter) post yesterday that the Grayscale Bitcoin Trust (GBTC) discount is at its most narrow in years. According to the post, the discount stands at just 8% ahead of GBTC’s potential exchange-traded fund (ETF) conversion.

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