GBTC discount falls to 23%, hitting an 18-month low as Spot ETF expectations rise.

[Chain News] On November 20, the discount on Grayscale Bitcoin Trust ( GBTC ) narrowed to 23%, the lowest level since June 2022. GBTC currently manages nearly $20 billion in Bitcoin assets.

Previously, a court ruled that the SEC failed to adequately explain its reasons for rejecting the Bitcoin spot ETF application and must reconsider Grayscale's ETF application. This has raised expectations that GBTC may convert to a spot ETF.

Meanwhile, some investors believe that even if the SEC ultimately approves a Bitcoin spot ETF, Grayscale may not be one of the first institutions to receive approval. Therefore, there is still room for the GBTC discount to narrow further.

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TokenomicsTherapistvip
· 07-01 00:36
Just watch the play as the discount narrows.
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LiquidationSurvivorvip
· 06-29 04:08
The ETF is really stable now.
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NotGonnaMakeItvip
· 06-29 04:06
Waiting for the warmth to come.
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Rugpull幸存者vip
· 06-29 04:05
The SEC is slacking off again, isn't it?
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SquidTeachervip
· 06-29 03:58
It should rise now.
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HalfIsEmptyvip
· 06-29 03:58
With such a big fall, it should have reached breakeven by now, right?
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FlashLoanPrincevip
· 06-29 03:49
Who can withstand the arrival of ETFs?
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