What happened to the GBTC premium?

Quick Take

  • Last month the Grayscale Bitcoin Trust began trading at a discount for the first time ever.
  • New competition and selling pressure are major factors behind the trend.
  • What happened to the GBTC premium — and will it ever come back?
Last month Grayscale's GBTC started trading at a discount — for the first time in its nearly six-year history.

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