Grayscale NAV flips BlackRock as IBIT records first discount to Bitcoin since launch
Conversely, after a prolonged period at a heavy discount, Grayscale’s (GBTC) NAV is now slightly tighter at just -0.27%, according to Y Charts data. GBTC saw a staggering 48% discount to NAV on Dec. 22. However, as anticipation of its conversion to a spot, Bitcoin ETF rose, the discount closed, reaching just -1.55% on the day it was converted. The discount has continued to close and has surpassed even some of the ‘Newborn Nine’ Bitcoin ETFs, such as IBIT.
Source
@Bitcoin_Ethereum_Altcoins
